When it comes time to purchase a home, a proof of funds letter shows that a buyer has enough liquid cash to complete the deal. If fact, buyers shouldn’t feel prepared to make an offer without this document because buyers will want to see this essential paperwork to determine whether the purchaser is truly able to afford the house. Here, Realtor.com
Springtime means warmer temperatures, blooming flowers—and prime real estate season. However, the market is different every year, and spring 2018 is a uniquely challenging time for buyers, especially those looking for starter homes due to low inventory, higher prices and rising interest rates. Here, Trulia offers some smart choices and tips that can help homebuyers in this spring’s tight housing market.
A closing disclosure form outlines the terms and costs of your mortgage, and it’s one of the most important pieces of paperwork to check before you close on a home. Lenders must provide borrowers with a closing disclosure (or a CD) at least three business days before closing—that day when all of the remaining paperwork is signed and you get the
Most people who decide to buy a home don’t have enough for a down payment sitting in their savings accounts, which means you’ll need to borrow most of that amount from a lender and spend awhile paying it back with interest. That’s why your mortgage interest rate is a big deal. Lowering your rate by one or two percentage points
