HomeLight

MARCH 13, 2023

Airbnb owners get tired of paying management fees and dealing with customer complaints and negative ratings, but they have too little equity to sell the traditional way. You don’t need the added stress of waiting for the buyer’s mortgage approval or a home inspection turning up any unpleasant surprises.

Sales 98

Sales Investor Due diligence Renovation 98

HomeLight

JANUARY 4, 2022

The amount you can borrow through a home equity loan will also depend on how much your home appraises for. The appraiser’s client is typically the lender, and the appraised value determines the amount of funds a lender is willing to provide or how much equity a homeowner can borrow from. No parking. Lack of proper drainage.

VA loan 128

VA loan Loans Renovation As-is 128

HomeLight

OCTOBER 29, 2021

Well, you’ll need a down payment — which, depending on the loan program you go with, could be as low as 3% (or even 0% with certain government-backed programs). Then you’ll have to pay closing costs, including appraisal and inspection costs (and don’t expect the seller to chip in — more on that later!). Make your best offer first.

Inspection 98

Inspection Loans VA loan Title 98

HomeLight

MAY 23, 2022

A lot of times, sellers are trying to remove some future liability by listing their house ‘as is,’ but buyers do, of course, still have the opportunity to inspect it and ask for any repairs or a price reduction,” Rynders says. “So Consider a pre-listing inspection. Which types of homes are sold ‘as is’? Exceptions.

As-is 116

As-is Inspection Investor Closing costs 116

HomeLight

DECEMBER 30, 2021

and 1% of the loan amount, MI protects the lender if you stop making payments on your loan. You can request for MI to be removed from your mortgage once you’ve reached 20% equity in your home (provided you use a conventional loan), but it is an added expense that will increase your monthly mortgage payment until that time comes.

VA loan 98

VA loan FHA loan Loans Closing costs 98

HomeLight

DECEMBER 29, 2021

FHA and VA loans have additional requirements an appraiser must evaluate, most of which relate to safety and soundness. The buyer’s lender usually selects the appraiser, but you still want to make sure the person is a qualified appraiser with a designation from a recognized professional appraiser organization.

Purchase and sale agreement 111

Purchase and sale agreement VA loan Loans Agents 111

HomeLight

NOVEMBER 29, 2021

Not everyone qualifies, and even if you don’t qualify, these low- and no-down payment loan programs are worth checking out. United States Department of Agriculture (USDA) home loans. Loans come with low interest rates and low or no down payment. Veterans Administration loans. YourFirst Mortgage.

Land 110

Land Closing costs Purchase and sale agreement Loans 110

The Close

DECEMBER 29, 2022

A contingency might be the buyer selling their current house, requiring certain repairs to be made, or obtaining a clean termite inspection. It generally results in a higher interest rate or additional points, but it’s a way for homeowners to leverage their equity in a property. Sure, deals can fall apart. Certificate of eligibility.

Purchase and sale agreement 98

Purchase and sale agreement Title Proof of funds Pre-approval 98