Housing Wire

JANUARY 17, 2024

But unlike financing with a traditional mortgage, monthly principal and interest payments are not required on the loan, so long as the homeowner keeps up to date with real estate taxes, homeowners’ insurance and property maintenance. For real estate professionals, this option presents an opportunity to capture more sales.

Finance 482

Finance Seller concession Loan Officer Loans 482

Housing Wire

NOVEMBER 7, 2023

Not helping FHA, VA borrowers get off the sidelines Under current FHA rules, sellers can contribute up to 6% in concessions to FHA borrowers to cover closing costs, prepaid expenses and discount points. The Department of Veterans Affairs (VA) rules prohibit VA borrowers from paying real estate commissions.

VA loan 482

VA loan Agents Seller concession FHA loan 482

Housing Wire

MARCH 6, 2024

I think the best places to focus right now are giving the H4P a muscular new push due to the seller concessions update , and working with forward mortgage distribution and servicing opportunities to convert forward loans into new reverse borrowers,” he said. No pressure, really — the Ginnie Mae market is very liquid,” he said.

Mortgages 467

Mortgages Seller concession Principal Loans 467

Marco Santarelli

AUGUST 2, 2024

Monthly Mortgage Payment (Principal + Interest) $2,851 +15% Calculation of Monthly Mortgage Payment : For a median home price of $426,900 at an average mortgage rate of 7.07% , the monthly payment (principal and interest) amounts to $2,851. Negotiating seller concessions : Sellers may be willing to cover some closing costs.

Marketing 52

Marketing Seller concession Investor Principal 52

HomeLight

AUGUST 25, 2020

If you have a mortgage on your home, your housing payment will be the same every month — but in the first couple of years, the vast majority of that overall payment will likely go toward interest and will barely touch the principal balance. The longer you stay in the home, the greater portion of the monthly payment goes toward the principal.

Principal 96

Principal Equity Title Seller concession 96

HomeLight

OCTOBER 30, 2020

However, as the Department of Housing and Urban Development (HUD) mentions in its guidelines to avoiding foreclosure : “Foreclosure doesn’t happen overnight.” You’ll also need to factor in any fees for staging and preparing the house for sale, your real estate agent commission , closing fees, seller concessions, and moving costs.

Short sale 105

Short sale Banks Equity Mortgages 105