Realtors earn a commission when they sell a home. Whether the realtor represents the buyer or the seller, he or she earns money. But who pays those fees? If the buyer doesn’t have a realtor, but the seller lists with one, essentially, a realtor still earns a commission, so someone has to pay.Get … Continue about Who Pays Realtor Fees?
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Buying a Home
Who Pays Realtor Fees?
Realtors earn a commission when they sell a home. Whether the realtor represents the buyer or the seller, he or she earns money. But who pays those fees? If the buyer doesn’t have a realtor, but the … Continue about Who Pays Realtor Fees?
Understanding House Auctions
If a homeowner defaults on his mortgage long enough, the lender may send the home to auction. This final step in the foreclosure process sells the home to the highest bidder. The process takes a long … Continue about Understanding House Auctions
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Who Pays Realtor Fees?
Realtors earn a commission when they sell a home. Whether the realtor represents the buyer or the seller, he or she earns money. But who pays those fees? If the buyer doesn’t have a realtor, but the seller lists with one, essentially, a realtor still earns a commission, so someone has to pay. Get Matched […]
Understanding House Auctions
If a homeowner defaults on his mortgage long enough, the lender may send the home to auction. This final step in the foreclosure process sells the home to the highest bidder. The process takes a long time and is risky for buyers, but it can work out for everyone in the end. Get Matched with […]
Real Estate Contract Expired: Now What?
Selling your home is a big move. Doing it alone is scary and overwhelming. Listing it with a realtor gives you the support and knowledge you need. Agents help sell homes faster and for higher prices. It sounds perfect. But how long does the contract last and what happens when it expires? Get Matched with […]
Is it Risky to Buy a Foreclosed Home?
Buying a foreclosed home could net you a great deal. But is it risky? It depends on the situation. Some foreclosed homes are ideal. They are in great condition and were just a circumstance of bad luck. Others aren’t so pretty. They are in complete disrepair, won’t pass an appraisal, and need a ton of […]
How to Make an Offer on a House without an Agent
Buying a house doesn’t mean you have to be represented by a real estate agent. Some people just prefer to handle things on their own. Even though a real estate agent may have access to listings sooner or can handle your offer for you, it’s still doable on your own. Before you set out to […]
What is the Fannie Mae HomeStyle Loan?
Fixing up your home or a home you want to buy can be expensive. What happens if you don’t have the cash lying around to do it? Are you stuck with a home equity loan or expensive personal loan? Fortunately, Fannie Mae, the guarantor of conventional loans, offers a rehab loan. The Fannie Mae HomeStyle […]
Is it Possible to Get a Jumbo Mortgage With a 5% Down Payment
Loans higher than the conforming loan amount of $484,350 are considered jumbo loans. These loans typically sit on a lender’s own books and lenders have their own guidelines for them. Among those guidelines are high down payment requirements. Today, however, many lenders allow down payments as low as 5% even on a jumbo loan. Get […]
Can you Deduct Home Improvement Loans on Your Taxes?
The Tax Cut and Jobs Act changed the way taxpayers take deductions. What used to be a common deduction became obsolete. Many of these changes had to do with the mortgage industry. Suddenly it wasn’t a given that you could deduct your mortgage interest. So where does that leave home improvement loans? Are you able […]
How to Obtain an FHA Cash Out Refinance
If you have an FHA loan and are in need of money, you may be eligible for an FHA cash out refinance. This loan enables you to take cash out of the equity of your home. This means that you will have a mortgage with a higher loan-to-value ratio and higher payment, but you will […]
When is the Best Time of Year to Buy a House?
After you save up enough money to buy a house, it’s easy to rush out and start looking. But don’t be so hasty. Choosing the right timing can help you get the best deal on a home. Since this is probably one of the largest investments you’ll make in your lifetime, it’s worth knowing the […]