Loans & Funding
NAR Settlement 2024: End of Buyer Agent Commission?
In March 2024, the NAR and major national brokerages entered into a billion-dollar settlement with the Sitzer/Burnett plaintiffs. The settlement went into effect on August 17, 2024. Buyer agent commissions are now negotiable. According to Redfin, the typical buyer agent commission has already started declining – down from 2.61% in March to 2.55% in July.…
Read MoreSelf-Directed 401K
A self-directed 401k is a retirement account that allows you to invest in alternative assets, including real estate. If you’re interested in using your self-directed 401k to buy real estate, here’s how to get started: Open a self-directed 401(k) account with a custodian that accepts real estate investments is the first step in setting up…
Read MoreUSDA Loans
Rural development loans, or USDA loans, are backed by the government and intended to assist low- to moderate-income people and families in purchasing homes in suburban and rural regions. Those who meet specific income and credit standards can apply for these loans from the United States Department of Agriculture (USDA). The USDA website states that…
Read MoreFHA Loans Overview
Particularly for first-time buyers or those with lesser credit scores, FHA loans are a popular alternative for homebuyers. The Federal Housing Administration (FHA) insures these loans, thus in the event of a borrower default, the FHA will make payment to the lender. Because of the additional security, FHA loans are less risky for lenders, enabling…
Read More203K Loan Overview
Homeowners can use a single loan to pay for both the purchase and rehabilitation of a property using a 203K loan, sometimes referred to as an FHA 203K loan. The Federal Housing Administration (FHA) insures these loans, which are accessible to both first-time homebuyers and current homeowners. One of the main benefits of 203K loans…
Read MoreVA Loans Overview
Veterans and active military personnel frequently choose VA loans when purchasing a home. There is no required down payment and no private mortgage insurance with these loans, which are supported by the Department of Veterans Affairs. When you are initially buying a home, it is one of the finest times to obtain a VA loan.…
Read MoreConventional Loans Overview
Conventional loans are a kind of mortgage that the government does not insure or guarantee. They are thought of as a more conventional alternative for financing a house purchase and are frequently provided by private lenders and banks. The fact that conventional loans often have cheaper interest rates than government-backed loans like FHA loans is…
Read MoreHard Money
Property flipping can be a successful company, but it costs money to earn money. Hard money loans can help with that. These loans are a well-liked source of capital for property investors wishing to buy, repair, and resell homes. Rather than traditional banks or financial institutions, individual investors or small lending companies generally make hard…
Read MorePrivate Money
It can be challenging to come up with the cash necessary to buy a house, but investing in real estate is a terrific way to increase your wealth. Getting private funding from people or organizations eager to invest in your real estate ventures is one option. The following advice can help you find private funding…
Read MoreCreative Financing
Creative Financing: Top 5 Options for Real Estate Investors Real estate investing can be a great way to build wealth, but it can also be difficult to come up with the funds to purchase a property. Fortunately, there are a number of creative financing options that investors can use to get into the market. In…
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