guaranteed home sale

 Are you aware of the components of closing fees and who is liable for their payment? I'd like to respond to these queries today and provide you with solutions. The first thing you should be aware of is that closing fees can be discussed openly between the buyer and the seller. There is a very good probability that you have been requested to contribute to the buyer's closing fees if you have ever been a seller in a real estate transaction. If you have ever been a buyer, there is a significant probability that you have wired money to the attorney to contribute to a closing transaction. Occasionally, but not often, buyers are fortunate enough to receive a cash refund at the closing table. Your closing costs may also include any upfront payments owed to an escrow account, attorney fees, title fees, and loan origination fees, if applicable. Closing costs are comprised of numerous items. "Loan origination fees, attorney fees, title fees, and advance payments owing to an escrow ...

  Fall is here, and winter is fast approaching. We just wanted to offer you a few tips and tricks to help you save on energy costs and prepare your home for the cold winter. One thing that you should do is get a routine maintenance check on your heating system. It’s a good idea to have it done before the winter to make sure everything is working properly.  Having your heater go out in the dead of winter is not fun. Another easy thing to do is check for leaks around your windows.  Even the smallest little hole can greatly affect the temperature in your house.  Check your insulation as well, and make sure it’s adequate. Switching to energy efficient light bulbs will also help you save on ene rgy costs.  With rising utility bills, these bulbs will help keep your electric bill lower. Colder weather is on the way, but if you follow these steps, you will be ready for it. If you have any questions about staying warm this winter, or anything else real estate related, gi...

  The closing process is the culmination of the contract—the transaction that has taken place between the buyer and the seller. Closings typically take place at a closing attorney’s office. The buyer’s side of the transaction generally chooses the closing attorney. It’s important to keep in mind that the closing attorney does not represent the buyer or the seller when there is financing involved. In that case, the closing attorney actually represents the lender. Although, sometimes the attorney is chosen by the seller’s side of the transaction. For example, if the seller is dealing with probate, they may choose to use the attorney they’ve already been working with to handle the closing for a smoother transaction. If you are buying a new construction property, the builder will choose the closing attorney. Builders are very fond of their closing attorneys and will do what they can to keep their closings all in one place. It’s more convenient and it helps the builder with record keepi...

USDA loans are great for several reasons, but will no longer be available in 2 weeks. Here is why you should take advantage of them if your situation permits: No down payment   option:  If you don’t have savings or simply wish to retain them, you can still qualify for this loan. 100% financing:  This allows more people to be homeowners. No reserves required:  Buyers do not need to provide bank statements to qualify. Expanded qualifying ratios:  Buyers with satisfactory credit may qualify with higher deb-to-income ratios to accommodate high-cost housing areas. This USDA rural development loan can only be utilized  west of I-95.  It will no longer be available in two weeks because  the Federal Government only allocates a certain amount of funds for the loan.  If you are on the fence about what financing option you want, this may be a great option for you. We can put you in touch with one of our lenders and get you all the details you need to qu...

Mortgage rates are still at historic lows. For many homeowners, it’s a great time to refinance. Refinancing allows you to pay off your current mortgage with a new mortgage at a lower rate. Refinancing means lower monthly payments and more money left in your pocket. But here’s something important that many people don’t know: Refinancing can affect your credit score negatively. You see, when you refinance, the new creditor will do a “hard inquiry” about your credit history. This inquiry can actually lower your credit score. Looking for new credit lines (like a new mortgage) equates with greater credit risk. How much will a hard inquiry actually lower your credit score? This depends on several factors. In some cases, a hard inquiry might not lower your credit score at all. However, if you’ve recently opened up multiple new credit lines (auto loans, credit cards, etc.), then a hard inquiry could decrease your credit score by up to five points. This is true if you only have a short credit h...