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2025 mortgage predictions: Your playbook for a winning year

Housing Wire

Setting the Stage for 2025 Heres the good news, 2025 is set to stabilize. Save strategically: Even with down payment assistance, youll need some savings for earnest money and closing costs. Many sellers are offering to cover 2-3% of closing costs. The key takeaway? and 6%, with potential dips below 6% by mid-year.

Mortgages 370
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12 Typical Closing Costs for Seller in Alabama

HomeLight

If you’re about to close on your Alabama home sale, you’re likely wondering how much you’ll owe in closing costs. Nationally, sellers typically pay between 6% to 10% of the property’s sale price in closing costs. Receive your offer in 24 hours and close in as few as 10 days.

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First-time homebuyers are being insulated by slower market conditions. Will it last?

Housing Wire

On the hook But even before first-timers get to the offer stage in their homebuying journey, some agents say they are seeing them run into issues with the new requirements mandated by NAR’s settlement agreement. Many first-time homebuyers don’t have enough to pay the agent and all the closing costs,“ Nichols said.

Marketing 448
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FinLocker says it will cover 100% of mortgage verification costs

Housing Wire

.” According to data from the Community Home Lenders of America , verification of income , employment and assets typically costs up to $280 per mortgage application, a charge tacked onto others in an already-expensive transaction. ” FinLocker indicated that future initiatives will target other high-cost areas like title expenses.

Mortgages 280
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Selling your home? Make sure you’re aware of hidden costs

Housing Wire

According to Zillow and Thumbtack’s Hidden Costs of Selling Analysis , the average homeowner spends over $15,000 in “hidden costs” to sell their home. . While a real estate agent’s commission is one of the most expensive costs, it definitely isn’t the only one. Staging Costs. Bottom Line.

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CFPB director open to changing mortgage regs to fix refi process

Housing Wire

“We really think closing costs can be a significant obstacle to refinancing,” Chopra said at an AI and technology conference jointly hosted by ICE Mortgage Technology and the National Housing Conference at the New York Stock Exchange on Monday. At least when it comes to redundancies with refinancings, that is.

Mortgages 476
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Empathy in the face of foreclosure

Housing Wire

During the Great Recession, I had the opportunity and duty to work with thousands of families that had aspired to homeownership, but found themselves in varying stages of the default process. Saving for the down payment and closing costs takes time, sacrifice and determination.

Equity 397