Crafting a counteroffer that doesn't scare away a potential home buyer can be tricky. Here are five tips to help you navigate the negotiation process while keeping the buyer interested:
Mortgage Approval With An Unconventional Job – How Does It Work?
It's also worth noting that the type of property you are seeking to purchase, as well as your credit history, debt-to-income ratio, and other financial factors, will all play a role in the lender's decision. So while an unconventional job may not be a deal-breaker, it's important to make sure your overall financial profile is strong before applying for a mortgage.
What’s Ahead For Mortgage Rates This Week – May 30, 2023
Homeowners weren't in a hurry to sell their homes due to the low mortgage rates they obtained during the pandemic. Current mortgage rates are higher than pandemic-era rates, which influenced homeowners to stay in their homes and keep their lower existing mortgage rates.
Should You Help Your Kids Pay for Their Mortgage?
It's important to evaluate your own financial situation before deciding whether to help your kids pay for their mortgage. Make sure that you can afford to provide financial assistance without jeopardizing your own financial security.
What is a Bridge Loan and How Does it Work?
A bridge loan, also known as interim financing, is a short-term loan used to provide temporary financing until a borrower secures long-term financing or sells an asset. Bridge loans are commonly used in real estate transactions, such as when a buyer needs to close on a new home before selling their current home.
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