#Repost @loan_girl_rissa ... FHA JUST GOT MORE AFFORDABLE❗ YES, IT'S TRUE! FHA has announced a reduction in the Annual Mortgage Insurance Premium (MIP) rates. The reduction will apply to new loans, for case numbers assigned after March 20, and will result in a lower monthly payment for borrowers. For a loan amount of $400,000, the current monthly MIP payment is $266. With the new policy, the premium rate will decrease from 0.80% to 0.50%, resulting in a monthly payment of $166. This represents a significant reduction of $100 per month in mortgage insurance payments, which can make a substantial difference for many borrowers. The reduction in MIP rates is intended to make homeownership more affordable for more Americans, particularly first-time homebuyers. The FHA plays a critical role in making homeownership possible for many people who would otherwise struggle to qualify for a mortgage. The reduction in MIP rates is expected to make FHA loans even more attractive to borrowers, who will benefit from lower monthly payments and increased purchasing power. Marissa Nevis, NMLS 276162 🏠 Loan Officer | Nevis Team Lending 📞 (209) 366-3263 📧
[email protected] 📅 https://calendly.com/mnevis ✨ www.nevisteamlending.com #affordablehomeownership #home #homesweethome #homebuyers #homebuying #househunting #househuntingtips #homeowner #homeownership #finance #financetips #investment #investmentproperty #refinance #refinancemortgage #mortgage #mortgagebroker #mortgagelender #mortgagetips #loans #homeloans #mortgageloans #loanofficer #realestate #realestateagent #realestateinvesting #realestatelife #NevisTeamLending https://www.instagram.com/p/CpeeJqzMev0/?igshid=NGJjMDIxMWI=
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You know that the real estate market is all based on supply and demand. In the past couple of years, the market has gone crazy because demand has shot way up. This was due to... -remote work allowing people to move out of the city or to a different area -people moving to be closer to family Housing supply just couldn’t keep up with all that demand. But where are we in the market today? Demand is there, but it's starting to decrease. However, when compared to our supply, demand is still much stronger. Supply is still very low due to supply chain shortages and the fact that so many people just bought homes that they love! Want more information on our local market? Just send me a DM and I’ll get you the latest info! . . . #buyersmarket #homebuyers #homebuyer #firsttimehomebuyer #homebuying #homesearch #househunting #homebuyingprocess #downpaymentassistance #homeequity #homevalue #homeshopping #buyersagent #buyeragentsl #thehelpfulagent #homeownership #homegoals #letstalkrealestate #wannabuyahouse #modrealtyok #buyingandselling #sellingokc #sellingoklahoma #buyingokc #buyingoklahoma #homebuyingokc #okcrealestate #okcrealtors #oklahomarealestate #oklahomarealestateagent (at Oklahoma City, Oklahoma) https://www.instagram.com/p/Ci3BY20pKS0/?igshid=NGJjMDIxMWI=
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Why should homebuyers hire a realtor?
As a homebuyer, understandably, you will be pretty excited to buy your own home. However, the homebuying process involves a series of steps. It includes getting pre-approved for a mortgage, deciding on your home needs and location preferences, negotiating prices, and so on. In this regard, taking the help of a realtor in Tennessee can make the entire process smoother. This blog will discuss the benefits homebuyers can experience with hiring a realtor.
6 Benefits of Hiring a Realtor for Homebuyers
As a homebuyer, your journey to buying your home will become easier by hiring a realtor. Hiring a realtor offers the following benefits to homebuyers.
Helps discover more property listings
You can search for homes for sale in your preferred location online. However, taking the help of a realtor can increase the likelihood of discovering more homes. The reason is that realtors have access to internal resources of a list of homes that haven't yet hit the market. Getting access to these off-market listings can help you find the appropriate home faster that meets your specific needs.
Helps you learn about the homebuying process
With the help of a realtor, homebuyers can better understand the homebuying process. For instance, before buying a home, an individual needs to consider their financial status and mortgage options, get pre-approved for a mortgage, decide on their budget, etc. Understanding the process will help buyers plan accordingly to buy the right home that meets their needs.
Source lawyer-approved contract
The homebuying process involves plenty of paperwork. From applying for a mortgage preapproval to closing the deal on buying a house, etc., you need to take care of various legal paperwork. Having a realtor in your corner ensures they take care of and review your legally binding agreements before you sign them. It will help you avoid possible legal issues later.
Identify issues with the property
Many homebuyers lack in-depth knowledge about plumbing, electrical systems, etc. As a result, if you buy a property without checking them, it may become a costly mistake. In this case, your realtors can be helpful. In many cases, the previous homeowners take care of home inspection, assessment, and appraisal. Additionally, they also take care of minor repairs. In such cases, buyers have nothing to worry about.
However, if the previous owner didn't take care of these aspects, you need someone experienced to view the property and offer you the correct guidance. A realtor understands where to look for issues when viewing a property. Besides, they can also arrange for a home inspection, appraisal, etc. These issues can help during negotiations to reduce the cost of the home you are buying.
Excellent negotiation skill
A realtor is someone who will safeguard your interest while helping you buy a home. The homebuying process involves lots of negotiation. A realtor can use their negotiating skills to help you buy your new home at an appropriate price. They can negotiate down a few expenses, such as closing costs, repair costs, home warranty premiums, etc.
Help you connect to trusted professionals
When buying a home, you may need to work with various professionals. These include mortgage lenders, real estate attorneys, home inspectors, appraisers, insurance agents, title and escrow specialists, pest inspection companies, etc. Finding individual professionals can be a lengthy and tedious job. However, a realtor can recommend or introduce these professionals in their contact to you. Further, they can also help you connect to professionals who can help redecorate your newly purchased home.
Therefore, to enjoy all these benefits, we suggest you hire a Tennessee realtor. They can help ease the homebuying process and be your guide at every stage of the process.
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Houses For Sale In Guelph
18 Pettitt Drive
Guelph, 11 - Grange Road
It is a 4 bedroom, 3 bathroom, Single Family Residence property located at 11 - Grange Road. It is a two-story building, facing North. 18 Pettitt Drive, Guelph lies on a 32.32 x 109.96-foot lot. This Single Family Residence house in Guelph has Bathroom, Bedroom Primary, Bedroom, Dining Room, Bedroom, Bathroom, Bedroom, Kitchen, Bathroom, and Living Room on the main level.
Explore an array of captivating houses for sale in Guelph! Start your journey to finding your dream home today!
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