by Mortgage Broker | Aug 26, 2025 | Uncategorized
Key takeaways: Buyers usually pay for loan-related fees and inspections, while sellers cover the real estate agent commissions and transfer taxes. Closing costs typically range from 2% to 5% of the purchase price, but in California, higher property values and local...
by Mortgage Broker | Aug 22, 2025 | Uncategorized
Key takeaways: Select the proper legal structure, such as joint tenancy or tenancy in common, to define precisely how ownership rights are shared between partners. Sign a written co-ownership agreement that clearly outlines financial responsibilities because verbal...
by Mortgage Broker | Aug 18, 2025 | Uncategorized
Key takeaways: Single-family homes are best for buyers who prioritize privacy and independence since they stand alone without shared walls. This option is usually easier to finance and offers a quiet environment that appeals to families looking for stability....
by Mortgage Broker | Aug 13, 2025 | Uncategorized
Key Takeaways: The average real estate commission in California usually falls between 5% and 6% of the home’s final sale price. This total fee is typically split evenly between the listing agent and the buyer’s agent. Sellers are responsible for paying the...
by Mortgage Broker | Aug 11, 2025 | Uncategorized
Key takeaways: Expect to pay between $300 and $600 for a standard home appraisal, though prices can increase for larger homes or unique properties. The buyer typically pays this fee as part of closing costs to prove to the lender that the home is worth the loan...
by Mortgage Broker | Aug 7, 2025 | Uncategorized
Key takeaways: A flag lot is a piece of land behind another property that connects to the street via a long, narrow driveway. These properties offer greater privacy and lower land prices, but often require shared-access agreements and have less curb appeal. Lenders...
