Mortgage News & Tips
US housing starts surge to five-month high
Pace of home construction sees big jump US housing starts rebounded in August, accelerating at their fastest clip since April and helping offset some of the…
Read MoreReverse Mortgage Jacksonville: Straight Answers, No Hype
Reverse mortgage Jacksonville guide: you keep the title, heirs keep leftover equity, and the cases where it is the wrong answer.
Read MoreNo Ratio DSCR Loan
A DSCR loan refers to a loan where the lender evaluates the borrower’s ability to repay based on the Debt Service Coverage Ratio (DSCR).
Read MoreHow much will a $600,000 mortgage cost monthly after rates are cut?
The housing market landscape has been challenging for buyers to navigate over the past few years.
Read MoreWhat Is a Hard Money Loan?
What Is a Hard Money Loan? Hard money loans are short-term secured loans that use the property you’re purchasing as collateral.
Read MoreCREDIT CARDS FOR CLOSING COSTS
When you know you are going to be tight on cash to close one of the tricks of the trade you can use on conventional loans is putting upfront costs on a credit…
Read MoreNAR SETTLEMENT BUYER AGENT COMMISSION FAQ
Short answer Since the NAR settlement, buyer agent commission is negotiated directly between the buyer and their agent rather than being assumed from the listing. It can often still be paid by the seller as a concession — but it has to be written into the contract, and concession limits vary by loan program. Call…
Read MoreHow will new realtor rules affect the mortgage industry?
Big changes came into effect on August 17 Sweeping changes to the way realtors conduct business came into effect across the US on Saturday (August 17) – and…
Read MoreNAR Settlement: Who Pays the Buyer’s Agent, and How Mortgage Programs Treat It
Short answer After the 2024 NAR settlement, a buyer’s agent can be paid by the seller, by the buyer or by a mix of both. Mortgage programs generally treat the agent’s fee as a closing cost. How much the seller can contribute, and whether down payment assistance can be used to pay it, depends on…
Read MoreWhy Get a Home Inspection
Why get A Home Inspection When Buying A Home Getting a home inspection when buying a home is a crucial step in the home-buying process.
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