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What Is Debt Service Coverage Ratio (DSCR)? And Its Importance compareclosing.com
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8 hours ago in Other
When you are looking for a loan whether commercial or residential, there are many parameters based on which a lender will qualify you or your business or your investment property. One of the most important parameters in qualifying for a loan by the lender is the debt service coverage ratio. In this post, we will learn what DSCR is in detail and how it is…
AUSTIN TX IS SECOND MOST OVERPRICED HOUSING MARKET IN THE COUNTRY compareclosing.com
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8 hours ago in Wedding
According to a new study, home buyers in Austin pay more than many other home buyers in the United States. According to Florida Atlantic University and Florida International University researchers, buyers of townhouses pay 67.7 percent more for housing than in the regular housing market. This makes Austin the second most expensive metropolitan city in the country.
AS THE MORTGAGE MARKET WEAKENS JPMORGAN CHASE LAYS OFF HUNDREDS OF EMPLOYEES compareclosing.com
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8 hours ago in Other
JPMorgan Chase (NYSE: JPM) reportedly laid off hundreds of employees in its home lending unit and transferred hundreds more to other parts of the bank as mortgage pressure to buy loans and refinance increased. In total, the event will affect more than 1,000 employees, with nearly half moving to other parts of the company, Bloomberg said on Wednesday, referring to people familiar with the matter….
What Is Defeasance Clause & How Does It Work? – Pros & Cons compareclosing.com
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3 days ago in Other
When you take a mortgage on a property, whether it is a commercial or an investment property, the title and the rights of the property are with the lender until the mortgage is paid off. As a borrower many would like to pay off the mortgage as soon as possible, however, there might be a pre-payment penalty if you try to pay it off early.
https://www.compareclosing.com/blog/what-is-a-title-company-in-real-estate/ compareclosing.com
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5 days ago in Other
When you are in the process of buying or selling a real estate property you might have multiple contact points at every step of the process. From your real estate agent to the closing agent, all point of contact has their significance in the home buying process.
HERE IS WHY IT IS BEST TO BUY INSURANCE MORE THAN WHAT YOUR LENDER REQUIRES compareclosing.com
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5 days ago in Other
As every homeowner knows, lenders have a lot of requirements when negotiating a loan. One of the most important requirements is related to the purchase of household insurance. Household insurance is required not only at the time of closing, but over time a mortgage on the house is arranged. If a homeowner loses their cover, a lender can buy insurance to cover the property –…
THE PAST AND FUTURE OF VA CASH-OUT REFINANCE compareclosing.com
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5 days ago in Other
This huge increase in cash lending has indeed occurred in the last two years. The data show that this is mostly due to consumers, as creditors benefit from their equity, which has grown due to the current high demand for housing. What is the impact of the VA distribution market on the COVID-19 pandemic? Financial demand played a role in increasing VA cash-out as many…
What Is A Title Search And What Are Its Importance? compareclosing.com
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1 week ago in Other
When you are in a process of buying a new property, there are many steps that you have to follow right from signing the sales contract to closing. Many times these steps could be intimidating and not many people understand the purpose of these steps. One such important step in the process of buying a property is a property title search. In this post, we will…
HIGHEST INTEREST RATE HIKE BY FEDERAL RESERVE SINCE 1994 compareclosing.com
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1 week ago in Other
The Federal Reserve has taken all its steps to curb skyrocketing inflation, announcing that it will raise interest rates by 0.75%, the largest increase since 1994. An increase in the interest rate will increase the reference rate, or the rate at which banks pay each other for lending money, to 1.5% and 1.75%. The Federal Reserve last had interest rates of 1.5% and 1.75% for…
ADDITIONAL NEGATIVE INDICATIONS FOR THE HOUSING MARKET compareclosing.com
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1 week ago in Other
This is a bad sign for the housing market. And a turbulent housing market is a bad sign for the economy. According to the National Association of Home Builders / Wells Fargo Housing Market Index, published on June 15, builders’ confidence in the newly built family home market is reported for the sixth month in a row. drop to 67 ratings. This is the lowest…
IS VA LOANS WITH ZERO DOWN PAYMENTS A GOOD CHOICE? compareclosing.com
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1 week ago in Other
Those who serve in the US military are likely to make sacrifices. For some people, this means constantly moving their families and getting involved in the process. For others, it means eliminating higher wages. As such, it is a good idea to have a credit program for Veterans Affairs (VA). VA lenders can get mortgage lenders without money.
The Detailed Guide To Transfer Tax And The 3 Types Of It compareclosing.com
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1 week ago in Other
Purchasing a home is one of the most important and expensive transactions for any individual. There are many costs involved in a property purchase like closing costs, attorney fees, appraisal fees, title insurance, etc. One more cost that is included in the transaction is a real estate transfer tax. In this post, we will understand what are transfer taxes in detail.
What Is A Secured Loan? – The 4 Most Common Types compareclosing.com
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2 weeks ago in Other
It is a type of loan where the lender or the bank will keep an asset as collateral against the money that they lend to the borrower. In a secured loan the borrower will have to keep an asset as collateral like a real estate property, vehicle, stocks, bonds, etc. against which he or she would get a loan which the borrower has to repay…
COMPARE CLOSING LLC compareclosing.com
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3 months ago in Other
Compare Closing LLC is a consumer-driven platform.We are associated with leading Mortgage Brokers and Lenders.
How will the mortgage rates and housing prices be in 2022? compareclosing.com
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6 months ago in Other
In spite of the prices rising, mortgage rates have thankfully remained near historic lows.