Are you buying or selling a home? Then you might be wondering: “Who pays the real estate agent?” Sellers have traditionally determined the commission price and paid it out to both sides, but the process recently…
There are important shifts happening in the real estate industry. The National Association of Realtors and multiple listing service (MLS) have implemented new rules about how real estate agents communicate about real estate fees. Here’s everything…
Mortgage rates fell to a 14-month low on Monday, giving buyers $30,000 more in purchasing power. The market seems poised to give buyers a break. So, is now a good time to buy a house? If…
When buying a house it’s good to have a rock-solid understanding of how to read a good faith estimate and save money when comparing it across lenders.
The post How to Read a Loan Estimate (Good Faith…
What is PITI? PITI is the loan principal, interest, taxes, and insurance, all together in one loan payment.
The post What is PITI and How Does it Affect Your Mortgage? appeared first on Redfin | Real Estate…
If homebuyers are not in a position to make a downpayment of 20%, lenders typically require them to purchase mortgage insurance.
The post What Is Mortgage Insurance and When Do You Need It? appeared first on…
Learn about the appraisal contingency in real estate contracts. Discover how it can impact your home buying journey and ensure a smooth transaction.
The post What is An Appraisal Contingency and How Can it Impact Your Homebuying…