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How Seller Concessions Work

How Seller Concessions Work

Seller concessions, seller contributions, seller credits and closing cost credits—what do these things have in common? Well, how about the fact that they’re all the exact same thing? Seller concessions are essentially monetary contributions the buyer asks the seller...

What Is RESPA?

  RESPA stands for the Federal Real Estate Settlement Procedures Act. The act requires lenders to disclose information to potential customers throughout the mortgage process. By doing so, it protects borrowers from abuses by lending institutions. That means, as a...

Comparing Home Loans Between Different Lenders

  Shopping for a home loan can seem overwhelming, but by properly organizing the information you gather during your research, you can make the task of comparing home loans from different lenders easier to tackle. First, devise a checklist for the information from...
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