How To Pay For Closing Cost when buying a home Plano Texas

How To Pay For Closing Costs

How To Pay For Closing Costs When structuring a mortgage home loan there are four ways to pay for the Mortgage Closing Costs: pay cash at closing, roll the costs into the loan, increase the interest rate, or do a combination of the aforementioned methods.  When lenders offer “no cost” loans or “low costs” loans they are either rolling the costs […]

Seller Concessions for Best Listing Realtor in Dallas

Seller Concessions

Seller Concessions Seller Concessions are essentially a way to “roll-in” Closing Costs on a purchase home loan (see also How To Pay For Closing Costs). Seller Concessions are negotiated between the buyer and seller during the contract negotiations and are recorded in Section 12 of the purchase contract.  (Note: Seller Concessions can be included in a contract amendment […]

About FHA Home Loans Purchase A Home In North Texas

FHA Home Loan Basics

FHA Home Loan Basics An FHA home loan is a residential mortgage that is insured by the Federal Housing Administration (FHA). This means the U.S. Government insures the home loan and protects FHA-approved lenders against potential losses should a borrower default on their FHA mortgage home loan. In other words, the lender gets their money […]