08 Nov 2022
By Aadil Nathoo

Closing Costs And A Cash Sale: Who Pays?

Mortgage, ,
There are some people who are able to pay cash for a home. Typically, these are individuals who are selling an existing property that has gone up in value. Now, all of a sudden, they have a lot of extra money they can spend on a house. If you can pay cash for a home, you have a lot of extra negotiating power. When it is time to complete the sale, who pays? What Is Included In Closing Costs? Before deciding who pays closing expenses, it is important to take a look at what is included. Because you do not…
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09 Aug 2022
By Aadil Nathoo

The Type of Home You Want to Buy Determines Your Closing Cost and Here’s Why

Mortagage Tips, ,
Savvy home buyers who are preparing to make a real estate purchase should do their research and understand that they need to save money for not only the down payment but the closing costs as well. The closing costs can account for as much as three to five percent of the sales price in some cases, so this can be a rather sizable amount of money. Some home buyers however, may not realize that the amount of closing costs can vary considerably based on the home that is purchased. With a closer look at why this is, home buyers can make a more educated decision when…
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30 Jun 2022
By Aadil Nathoo

The Quick and Easy Guide to Understanding the Math Behind Your Mortgage Closing Costs

Home Mortgage Tips, ,
It's amazing that in a year with extremely low mortgage rates being reported around the country, closing costs are up by as much as 6% from the previous year. Part of the reason for this is that the stricter regulations on loans have increased the costs to banks, and they always find a way to pass on new costs to the consumer. Understanding Third-Party Closing Costs When closing on a mortgage the borrower will notice a long list of additional fees that they are expected to pay for. These can range from insignificant into the thousands of dollars depending on…
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29 Jun 2022
By Aadil Nathoo

You Are A Serious Buyer: How To Show It

Mortgage, ,
Today, the housing market is as hot as it has ever been. There are many people who are missing out on their dream homes because they are having a hard time competing with countless other people who are in the same position as them. If you want to put yourself in the best position possible to win a bidding war, you might be thinking about paying cash for your home; however, not everyone is in the same financial position. There are a few other ways for you to show a seller's agent that you are serious about your offer. Get A…
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28 Jun 2022
By Aadil Nathoo

The Top Things To Know When Refinancing Your Home

Mortgage, ,
If you are thinking about refinancing your home in the near future, you probably know that this is a great way to shorten the term of your mortgage while also saving money. At the same time, refinancing your home does not come without risks. Take a look at some of the top things you should do and what to avoid before you go through the refinancing process. Do Check Your Credit Score Always check your credit score before you begin the refinancing process. A surprising number of credit reports contain errors, and you need to correct any errors on your…
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