If you’re selling, don’t do these things - take some notes from the video! Remember - it was your home but to the buyer it’s as a house.
About 203(b) and 203(k) FHA Loans
The video puts this in more visual terms, but 203(b) is the most commonly used FHA program, while 203(k) loans enable homebuyers to finance both the purchase and rehabilitation of a home through a single mortgage.
Am I Ready To Buy?
As you’ll see in this video, you can find out by asking yourself some questions. If you can answer yes to most of them, you are probably ready to buy your own home.
Be There For Inspection?
It's not required, but it's a good idea. As this story shows, let the inspector do their job while you take notes and pictures.
Calculating Your Asking Price
If you only have a few minutes for a video, here are five points to consider.
Can I Pay Off Early?
Usually, Yes. Like the guy in the video says, by sending in extra money each month or making an extra payment at the end of the year you can accelerate the process of paying off the loan.
Determining Your Housing Needs
Like the video shows, your home should fit the way you live, with spaces and features that appeal to the whole family.
For Sale By Owner?
Most people don’t know enough to sell their own house. If you haven’t ever sold someone else’s home, you probably shouldn’t try selling your own.
How To Make An Offer
The video covers the main points. Remember that a sale commitment depends on negotiating a satisfactory contract with the seller not just making an offer!
Making Your Home Ready To Sell
As we show you in this video, start several months before the property is made available. Look through the eyes of a buyer.
Removing PMI From Loans
Private Mortgage Insurance can add hundreds of dollars per year to mortgage rates so it’s worth learning when you are eligible to cancel - so watch this video!
Start The Home-Buying Process!
Get pointers from this short video - start by thinking about your situation, and consider some key issues
What Is A Business Day?
As this video explains, Business Days are defined differently for Loan Estimates and Closing Disclosures.
6 Required Pieces of Information
What are the 6 pieces of information required for a real estate loan estimate? This video tells you.
Can Lenders Request More Information?
Can a lender require information beyond the 6 legally-required pieces? Watch and find out.
What Lenders Must Disclose
This video highlights what lenders must disclose, and when, for most real estate loans.
What About Flood Plains?
A flood plain is an area of land adjacent to a stream or river that experiences flooding during periods of high discharge. More at floodsmart.gov.
What's A Good Faith Estimate?
You’ll see some pictures in this video to help you remember later, but a good faith estimate lists all fees paid before closing all closing costs, and any escrow costs you will encounter when purchasing a home.
Measuring your existing debts against your existing income is one part of a lender’s required assessment of your ability to repay a loan.
When Should I Sell?
As you’ll see in this video, real estate marketplaces are generally most active in summer because families with children want to move in before school starts. Start working with a real estate professional as early as possible to make the most of your sale in any season.