15 money-saving tips for first-time homebuyers

15 money-saving tips for first-time homebuyers

To help make your clients' first home purchase a success we've put together a go-to checklist outlining 15 money-saving tips for first-time homebuyers ......
By Jake Durtschi | Tuesday, June 27, 2017
Your first-time sellers might be surprised by $15K in hidden costs

Your first-time sellers might be surprised by $15K in hidden costs

In its latest study, Zillow turned the spotlight onto sellers and found that homeowners spend, on average, $15,190 in extra or hidden costs to sell their home -- a reality that may blindside the 63 percent of today's sellers who are putting their hom...
By Marian McPherson | Thursday, May 25, 2017
A basketball just missing the basket ClosingCorp survey: 52 percent of lenders ‘off’ on initial home loan estimate

ClosingCorp survey: 52 percent of lenders ‘off’ on initial home loan estimate

In October 2015, TRID -- the TILA-RESPA Integrated Disclosure rule, or "Know Before You Owe" -- was implemented to make the lending and mortgage process more transparent and easier to understand for consumers ......
By Marian McPherson | Thursday, February 16, 2017
Bankrate measures mortgage closing costs by state

Bankrate measures mortgage closing costs by state

One of the most commonly neglected cost considerations is at the closing table. Mortgage closing costs can vary greatly state-to-state, accoridng to data from Bankrate.com, which can have a big impact on the reality of affordable homes for some buyer...
By Kimberly Manning | Friday, August 12, 2016
7 home fixes you must complete before selling

7 home fixes you must complete before selling

The process of getting a property ready to put on the market can seem daunting enough. There’s clearing the clutter, endless amounts of cleaning, organizing and scrutinizing your property with a fine-tooth comb. What needs attention and what can yo...
By Cara Ameer | Monday, July 18, 2016
21 tips for first-time homebuyers

21 tips for first-time homebuyers

First-time homebuyers can easily be caught off guard by unexpected surprises. Here are 21 tips that will quickly get homebuyers up to speed and ready for a successful house hunt ......
By Heather Sittig Jackson | Thursday, May 12, 2016
Email open on a laptop computer Scam steals closing money by hacking agent, escrow email

Scam steals closing money by hacking agent, escrow email

Imagine you're a first-time homebuyer who gets an email from your real estate agent or the escrow or title agency. The email instructs you to wire your closing cost money -- which sometimes includes your entire down payment -- to a bank account, and ...
By Marian McPherson | Saturday, March 19, 2016
Infographic: 10 mortgage refinancing mistakes to avoid

Infographic: 10 mortgage refinancing mistakes to avoid

We've heard rumblings that the Federal Reserve Bank will start increasing rates sometime before the end of the year, which will likely hit the mortgage rates shortly after. This might be the last best time to refinance before these historic rates are...
By Inman | Monday, November 2, 2015
Want to save on closing costs? It pays to shop around

Want to save on closing costs? It pays to shop around

Buyers who take the time to shop around for their mortgages and some of their settlement services are saving hundreds of dollars on some of their closing costs, according to a recent Bankrate survey. Those who got more involved in their homebuying ex...
By Amy Tankersley | Monday, August 3, 2015
18 simple terms that scare homebuyers

18 simple terms that scare homebuyers

Here are the real estate market terms that every first-time homebuyer should get acquainted with and the explanations that will help them understand them ......
By Boom Rizal | Monday, July 6, 2015
MLS arming agents with app that calculates buyer and seller closing costs

MLS arming agents with app that calculates buyer and seller closing costs

Mid-Atlantic multiple listing service Metropolitan Regional Information Systems Inc. and settlement services firm Federal Title & Escrow Co. have launched a desktop and mobile app to offer closing cost estimates to MRIS’ 44,000 members. Th...
By Inman | Wednesday, September 10, 2014
10 best ways to strengthen your purchase offer

10 best ways to strengthen your purchase offer

I just finished up with my fortunate seller client who had the difficult task of deciding which one of three excellent offers to accept for the purchase of her home. That's right, three outstanding offers. The seller is doing a Home Affordable Forecl...
By ActiveRain | Friday, August 8, 2014
New ClosingCorp tool instantly calculates how much sellers can expect to pocket at closing table

New ClosingCorp tool instantly calculates how much sellers can expect to pocket at closing table

Closing cost data and technology firm ClosingCorp is piloting a tool designed to help real estate agents answer a pressing question for their home seller clients: how much they can expect to take home after closing. The San Diego-based firm ......
By Inman | Monday, June 9, 2014
Small, midsize lenders get immediate access to closing cost data

Small, midsize lenders get immediate access to closing cost data

ClosingCorp, which provides real estate closing cost data and technology for mortgage lenders, real estate professionals and consumers, is now offering small to midsize mortgage lenders immediate access to its good faith estimate service, SmartGFE. T...
By Inman | Monday, September 30, 2013
Real estate closing costs jump 6 percent

Real estate closing costs jump 6 percent

Closing costs on a home sale excluding title insurance rose 6 percent year over year in June, averaging $2,402 on a $200,000 mortgage, according to an annual survey by financial rate comparison site Bankrate.com. Lender origination fees drove the i...
By Inman | Monday, August 5, 2013
Thumbnail Strategies to help defray real estate closing costs

Strategies to help defray real estate closing costs

Q: I just finished the process of applying for a home loan with a well-known local mortgage brokerage. I was told that the only loan I could qualify for with my credit, income and $10,000 for a down payment was a house purchase price of $310,00...
By Tara-Nicholle Nelson | Thursday, January 24, 2013
Thumbnail The truth about land contracts

The truth about land contracts

Q: "You have written articles about lease-to-own contracts, but never about land contracts, which I am told may work better." A: Lease-to-own contracts (LTOs) and land contracts (LCs) are different legal ways to accomplish the same obje...
By Jack Guttentag | Monday, December 3, 2012
Thumbnail ClosingCorp network includes 3 of 4 largest title underwriters

ClosingCorp network includes 3 of 4 largest title underwriters

Lenders who use a good faith estimate (GFE) service from real estate data and technology company ClosingCorp will now have access to title insurance rates and closing cost fees from three of the nation's four biggest title insurance underwriters, ...
By Inman | Tuesday, October 23, 2012