Closing Resource Center

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Unconventional Mortgage Loans Are Making a Comeback

Sale of a Home: Closing and Funding

When selling a property, it may be surprising to learn that the precise minute the money is deposited into your account is unexpected. Whether your buyer pays in cash or with a mortgage, the sale of your house can only finalize with the purchase...

Unconventional Mortgage Loans Are Making a Comeback

I Accepted the Buyer’s Offer, Now What?

You have exhausted all efforts to sell your home. You have now completed the procedure and reached an agreement. What occurs after accepting the buyer's offer? You or your agent will initiate escrow with an attorney or title business. They will...

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Unconventional Mortgage Loans Are Making a Comeback

Four Tactics to Negotiate Lower Mortgage Rates

Can Mortgage Rates Be Negotiated? Yes, mortgage rates can and should be negotiated while obtaining a house loan. Research indicates that getting many quotations will result in reduced rates. Surprisingly, though, many homebuyers and refinancers...

Unconventional Mortgage Loans Are Making a Comeback

How to Rapidly Compare Mortgage Rates: Five Helpful Hints

Mortgage Rate Browsing Is a Quick Process When you locate a home you like to purchase, you may feel compelled to act swiftly to lock in a mortgage rate, particularly in a competitive market. The same holds for refinancers who wish to lock in a...

Unconventional Mortgage Loans Are Making a Comeback

How Mortgage Rates Are Established and Why It Matters

How Are Mortgage Interest Rates Determined? You may have seen certain peculiarities if you are in the market for a mortgage or refinancing rate. Rates might vary significantly amongst lenders. Occasionally, refinancing rates differ from purchase...

What Does a Home Inspection Report Include?

What Does a Home Inspection Report Include?

Before purchasing a property, you should order a home inspection. The home inspection report will include:  Interior of the home The exterior of the home including windows The structure of the home; foundation, walls, roofing, attic, and ceilings...

Unconventional Mortgage Loans Are Making a Comeback

What Do Home Inspectors Look For?

How Does a Home Inspection Work? The last line of defense that a potential buyer has is a home inspection. This is your opportunity to find any potential problems the house may have before you buy it. This is also where you can negotiate the sale...

Unconventional Mortgage Loans Are Making a Comeback

Should I Back Out if the Home Inspection Comes Back Bad?

A bad home inspection does not mean you should immediately back out of buying the house: You should not overlook if the buyer is willing to make repairs or offer a cash credit at closing for damages. These credits can add up to thousands of dollars...

How a Piggyback Mortgage Operates: A Guide to Piggyback Loans

How a Piggyback Mortgage Operates: A Guide to Piggyback Loans

What Is a Piggyback Mortgage? A piggyback loan, often known as an "80/10/10 loan," combines two different loans into one to pay for a single property purchase. A conventional mortgage, which generally covers 80% of the cost of the property, is the...

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