Redfin

JULY 16, 2024

Step 3: Understand your loan options Fixed-rate vs. adjustable-rate mortgages (ARMs): Fixed-rate mortgages have a constant interest rate and monthly payments that never change. ARMs have interest rates that may start lower than fixed-rate loans but can change over time.

Loans 69

Loans Pre-approval Earnest money deposit Mortgages 69

HomeLight

MARCH 22, 2022

In Q2 of 2021, North Carolina’s home prices rose by 10% across all counties , and that number is predicted to continue growing as more homeowners flock to the state. NC Home Advantage Mortgage. The state’s Housing Finance Agency supports many new homebuyers with its NC Home Advantage Mortgage.

Due diligence 105

Due diligence Closing costs Earnest money deposit Loans 105

HomeLight

JANUARY 27, 2021

Mortgage insurance is extremely common for first-time buyers, and it’s often the fastest way to achieve homeownership and start building equity today, rather than waiting until you’ve saved up 20% — an unrealistic feat for many buyers. For the majority of homeowners, this amounts to no more than a couple hundred dollars a month.

Closing costs 119

Closing costs Inspection Loans Earnest money deposit 119

The Close

DECEMBER 29, 2022

A homeowner can refinance their property for more than its value and take the added amount as cash. 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. It’s kind of like a fixed-rate mortgage and an adjustable-rate mortgage had a baby.

Purchase and sale agreement 98

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