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  • Real Estate Sales: Exploring Alternate Fee Structures & Opportunities for Real Estate Agents [Video]

    [Homeowners Corner] Tired of the traditional commission split? This video dives deep into alternative fee structures and exciting opportunities for real estate agents! Discover ways to maximize your income and client base outside the box. My Home, My Sale - your ultimate destination for real advice in a world inundated with real estate noise! Tired of sifting through social media fluff and advertising about buying, selling, or owning a home? Us too. That's why we're flipping the script. Were Not Real Estate Agents or home buyers. Just straight-up, no-nonsense advice, tips, and info for homeowners and soon-to-be homeowners. Dive into our videos for expert insights, transparent discussions, and actionable guidance to navigate the complexities of homeownership with confidence. Subscribe now and join the My Home, My Sale community. Read More on Homeowners Corner: https://www.myhomemysale.com/homeownerscorner Create Your FREE Property Listing: https://www.myhomemysale.com/property-listings Give Your Property A Boost: https://www.myhomemysale.com/plans-pricing Sponsorship: https://www.myhomemysale.com/sponsorship Home Selling Essentials: https://www.myhomemysale.com/shop-essentials Create Your Own Videos: https://invideo.io/i/myhomemysale Related Videos: The MLS Monopoly A Home Seller's Dilemma Real Estate Commission Lawsuits Unpacked My Home, My Sale Your Source for Insights, Resources, and Savings

  • Selling Your Home For Sale By Owner? Safety Tips You Must Know! [Video]

    [Homeowners Corner] What can you do as a For Sale by Owner to sell your home safely? Selling solo can be rewarding, but remember safety first! This video gives you essential tips to keep you and your family safe during FSBO showings and avoid scams. Watch now! My Home, My Sale - your ultimate destination for real advice in a world inundated with real estate noise! Tired of sifting through social media fluff and advertising about buying, selling, or owning a home? Us too. That's why we're flipping the script. Were Not Real Estate Agents or home buyers. Just straight-up, no-nonsense advice, tips, and info for homeowners and soon-to-be homeowners. Dive into our videos for expert insights, transparent discussions, and actionable guidance to navigate the complexities of homeownership with confidence. Subscribe now and join the My Home, My Sale community. Read More on Homeowners Corner: https://www.myhomemysale.com/homeownerscorner Create Your FREE Property Listing: https://www.myhomemysale.com/property-listings Give Your Property A Boost: https://www.myhomemysale.com/plans-pricing Sponsorship: https://www.myhomemysale.com/sponsorship Home Selling Essentials: https://www.myhomemysale.com/shop-essentials Create Your Own Videos: https://invideo.io/i/myhomemysale Related Videos: For Sale By Owner Safety: Hosting Open Houses Staying Organized with Gmail & Google Voice as a For Sale By Owner Home Seller My Home, My Sale Your Source for Insights, Resources, and Savings

  • The Future of Real Estate! DIY Home Buying & Direct Selling [Video]

    [Homeowners Corner] Is the traditional real estate model outdated? This video explores the future of home buying, where empowered buyers take a direct approach. We'll delve into the rise of DIY homebuying and direct selling by homeowners. Discover the benefits of: Increased control and cost savings for homebuyers. Greater flexibility and faster turnaround for sellers. My Home, My Sale - your ultimate destination for real advice in a world inundated with real estate noise! Tired of sifting through social media fluff and advertising about buying, selling, or owning a home? Us too. That's why we're flipping the script. Were Not Real Estate Agents or home buyers. Just straight-up, no-nonsense advice, tips, and info for homeowners and soon-to-be homeowners. Dive into our videos for expert insights, transparent discussions, and actionable guidance to navigate the complexities of homeownership with confidence. Subscribe now and join the My Home, My Sale community. Read More on Homeowners Corner: https://www.myhomemysale.com/homeownerscorner Create Your FREE Property Listing: https://www.myhomemysale.com/property-listings Give Your Property A Boost: https://www.myhomemysale.com/plans-pricing Sponsorship: https://www.myhomemysale.com/sponsorship Home Selling Essentials: https://www.myhomemysale.com/shop-essentials Create Your Own Videos: https://invideo.io/i/myhomemysale Related Videos: Marry the House, Date the Rate Separating Fact from Fiction Seller Concessions A Homebuyer's Guide My Home, My Sale Your Source for Insights, Resources, and Savings

  • FSBO Hacks You Need to Know: Binge-worthy Videos from My Home, My Sale

    [Micro Ads] For Sale By Owner Planning and Timeline For Sale By Owner Paperwork A Quick Guide [Free Seller Resources] How To Pre-Qualify Buyers FSBO Seller's Guide Earnest Money: A Must for FSBO Sellers For Sale By Owner: A Script to Handle Real Estate Agents [Subscribe on YouTube] My Home, My Sale - your ultimate destination for real advice in a world inundated with real estate noise! Tired of sifting through social media fluff and advertising about buying, selling, or owning a home? Us too. That's why we're flipping the script. Were Not Real Estate Agents or home buyers. Just straight-up, no-nonsense advice, tips, and info for homeowners and soon-to-be homeowners. Dive into our videos for expert insights, transparent discussions, and actionable guidance to navigate the complexities of homeownership with confidence. Subscribe now and join the My Home, My Sale community. Read More on Homeowners Corner: https://www.myhomemysale.com/homeownerscorner Create Your FREE Property Listing: https://www.myhomemysale.com/property-listings Give Your Property A Boost: https://www.myhomemysale.com/plans-pricing Sponsorship: https://www.myhomemysale.com/sponsorship Home Selling Essentials: https://www.myhomemysale.com/shop-essentials Create Your Own Videos: https://invideo.io/i/myhomemysale My Home, My Sale Your Source for Insights, Resources, and Savings

  • The Ultimate For Sale By Owner To-Do List: Your Home Sale Journey

    FSBO To Do List! Helpful Links Prepping for Sale (6-8 Weeks Before Listing): ✅ Research Market Value (comp appraisals (Realtor, appraiser, online tools) ✅ Deep Clean & Declutter ✅ Enhance Curb Appeal (landscaping, flowers, maintenance) ✅ Fix Minor Repairs (Plumbing: Fix leaky faucets, replace worn-out showerheads. Electrical: Replace flickering light bulbs, secure any loose outlets or switch covers. Doors & Windows: Fix sticking doors and windows, replace broken handles or knobs. Walls & Ceilings: Patch minor holes and cracks in drywall, touch up scuff marks and paint chips. Flooring: Secure loose floorboards, clean or replace stained carpets.) ✅ Gather Documentation (title report, survey, HOA info) (Title company can be helpful) ✅ Contract & Disclosures (Several Options: Consult Real Estate Attorney, Review Seller Disclosure Templates Online, Use a Real Estate Disclosure Service, DIY Contract & Disclosures (Escrow/Title Officer May Help) Marketing Your Property (4-6 Weeks Before Listing): ✅ Invest in Professional Photography ✅ Create Compelling Listing Description ✅ List on FSBO Websites (Zillow, My Home, My Sale, FSBO.com, For Sale By Owner, Craigslist, By Owner to name a few) ✅ Utilize Social Media Marketing ✅ Place Eye-Catching Yard Sign ✅ Hold Open Houses (Optional, schedule, signage, manage flow) Negotiating and Accepting an Offer (2-4 Weeks): ✅ Research Negotiation Strategies ✅ Prepare Counter Offers (consider value proposition) ✅ Review Offers Carefully (price, closing date, contingencies, financing) ✅ Consult Legal Counsel (review terms, implications, contract signing) Escrow and Closing (2-4 Weeks): ✅ Open Escrow with Reputable Company (Escrow company) ✅ Prepare for Buyer's Home Inspection (address any issues) ✅ Cooperate with Appraiser (if required) (Lender's appraiser) ✅ Conduct Final Walkthrough (ensure agreed-upon condition) ✅ Closing: Sign Documents & Transfer Ownership (Title company) Additional Considerations: ✅ Determine Financing Options (seller financing vs buyer secured) ✅ Factor in FSBO Fees (website listing, marketing) ✅ Be Responsive to Inquiries & Schedule Showings Download For Sale By Owner To Do List Helpful Links: Home Value Estimator From Penny Mac Title and Escrow Fees Estimator From First American Title For Sale By Owner Websites: My Home, My Sale Create a Listing Zillow For Sale By Owner For Sale By Owner Website FSBO.com ByOwner.com Other Helpful Links: Yard Signs For Sale By Owner Facebook Group Real Estate Market Place Premium FSBO Marketing Services Seller Disclosure Statement Real Estate Purchase Agreement Video: Related For Sale By Owner Videos: Price Negotiations: For Sale By Owner Home Selling Tips Understanding The Real Estate Purchase Agreement For Sale By Owner Safety: Hosting Open Houses My Home, My Sale Your Source for Insights, Resources, and Savings

  • For Sale By Owner Boom: A Lucrative Opportunity for Buyer's Agents in the New Commission Landscape

    [Property Listings] The recent changes in real estate commission structures have opened doors for both buyers and sellers. While the headlines might focus on seller savings, a hidden gem lies within this shift – a surge in For Sale By Owner (FSBO) listings, presenting a golden opportunity for buyer's agents to expand their client base and thrive. Why FSBO Sellers are Open to Buyer's Agents Traditionally, FSBO sellers embarked on the journey to save money on commissions. However, navigating the complexities of paperwork, marketing, and negotiations can be overwhelming. Many FSBO sellers, while cost-conscious, are receptive to the expertise a buyer's agent brings to the table. Here's the good news: a whopping 87% of FSBO sellers are willing to pay a buyer's agent commission, according to the National Association of Realtors [NAR]. That's a significant portion of the market waiting to be tapped into. The FSBO Seller's Perspective: Imagine being an FSBO seller. You've prepped your house, taken photos, and posted it online. Inquiries trickle in, but the legalities and showings are a looming concern. A buyer's agent walks in, offering expertise in navigating paperwork, marketing to qualified buyers, and handling negotiations. This translates to a smoother sale and often, a higher final selling price. For most FSBO sellers, that's a win-win. Possible Scenario: "Consider James, an FSBO seller facing buyer inquiries but no serious offers. Enter Stephanie, a buyer's agent with pre-approved clients. Stephanie's value proposition – qualified buyers, negotiation guidance, and paperwork assistance – resonated with James. He agreed to a 3% commission if Stephanie brought a buyer, and that's exactly what happened. Stephanie's expertise secured James a great offer, showcasing the win-win scenario for FSBO sellers working with buyer's agents." How Buyer's Agents Can Capitalize on the FSBO Boom: Market Yourself as the FSBO Expert: Develop a targeted marketing strategy that highlights your experience working with FSBO sellers. Build Relationships with FSBO Listing Platforms: Network with platforms like My Home, My Sale to connect with FSBO sellers directly. Offer Free Consultations: Attract FSBO sellers with a free consultation to discuss their needs and showcase your value proposition. Be upfront about representing buyers: During consultations, clearly explain that you work as a buyer's agent, advocating for their best interests throughout the buying process. This includes expertise in paperwork and ensuring a smooth transaction for the buyer you represent even when they purchase a FSBO. Focus on FSBO Benefits: Emphasize how working with a buyer's agent can save them time, money, and stress while potentially achieving a higher sale price. Deliver Exceptional Service: Go the extra mile for your FSBO clients. Your responsiveness, expertise, and communication skills will set you apart. The changing landscape of real estate commissions presents a unique opportunity for buyer's agents. By actively engaging with the FSBO market, agents can expand their client base and secure lucrative deals. Remember, FSBO sellers often crave guidance and a smooth transaction. By positioning yourself as the trusted advisor who delivers exceptional service, you can become the go-to expert in the FSBO arena. So, embrace the change, adapt your approach, and watch your business thrive in the exciting new world of real estate. -My Home, My Sale *Disclaimer: The FSBO market presents exciting opportunities for buyer's agents, but securing your commission requires clear communication and proper legal documentation. Here's what you need to consider: Buyer-Agent Agreement:  A foundational element. This formal agreement between you and your buyer should clearly outline the commission they agree to pay you (e.g., 3%) if you find a suitable home, including FSBO properties. FSBO Seller Agreement (Optional):  While not always necessary, a separate agreement with the FSBO seller directly can be beneficial. This agreement would explicitly state their willingness to pay you a pre-determined commission (e.g., 3%) upon a successful sale facilitated by you. Remember, commission agreements and legalities vary by location.  This information is for general guidance only. As a real estate agent working with FSBO sellers, it's crucial to consult with your broker or real estate office. They can provide expert advice on the appropriate documents and forms specific to your state or region. They can also help you draft agreements tailored to the FSBO scenario, ensuring a smooth and legally binding transaction for you, the FSBO seller, and the buyer.

  • Real Estate Closing Costs Checklist: Every Fee Before You Buy or Sell

    [Homeowners Corner] Check out our comprehensive closing cost checklist that covers every potential closing cost and fee for a home seller or home buyers, ensuring you're fully prepared for a smooth closing process. Real Estate Closing Costs Checklist 1. Real Estate Agent Fees: Listing Agent Commission Buyer's Agent Commission Transaction Coordination Fee Administrative Fees 2. Lender Fees: Origination Fee Discount Points (if applicable) Underwriting Fee Processing Fee Appraisal Fee Credit Report Fee Flood Certification Fee Tax Service Fee Mortgage Insurance Premium (if applicable) 3. Title and Escrow Fees: Title Search Fee Title Insurance (Owner's Policy) Title Insurance (Lender's Policy) Settlement/Closing Fee Wire Transfer Fee Notary Fee Document Preparation Fee Courier Fees Escrow Account Setup Fee 4. Attorney Fees: Legal Consultation Fee Document Preparation and Review Fee Escrow Services Fee (if applicable) Recording Fees (for deeds and mortgage documents) 5. Inspection and Survey Fees: Home Inspection Fee Termite Inspection Fee Radon Inspection Fee Structural Inspection Fee Environmental Site Assessment Fee Boundary Survey Fee Zoning Compliance Inspection Fee 6. Government Fees and Taxes: Transfer Taxes Recording Fees (for deed and mortgage) Property Tax Prorations State and Local Transfer Fees Mortgage Recording Tax (in some states) Property Assessment Fees 7. Miscellaneous Costs: Home Warranty Fee Pest Control Treatment Fee Homeowners Insurance Premium (prepaid) HOA Transfer Fees Special Assessments (if applicable) Moving Expenses Repairs and Maintenance Costs 8. Additional Costs for Sellers: Seller Concessions (if agreed upon) Payoff of Existing Loans or Liens Prepayment Penalty (if applicable) Title Clearance Fees (to resolve any title issues) Unpaid Property Taxes or Utility Bills Capital Gains Tax (for investment properties) 9. Additional Costs for Buyers: Earnest Money Deposit Down Payment Homeowner Association (HOA) Fees Property Taxes (prorated) Homeowners Insurance Premium (prepaid) Mortgage Insurance Premium (if applicable) 10. Commercial and Investment Property Costs: Environmental Impact Study Fee Business License Transfer Fee Lease Assignment Fee Asset Purchase Agreement Fee Due Diligence Costs Business Valuation Fee 11. Multi-Family Property Costs: Rental Income Verification Fee Tenant Lease Transfer Fee Rent Roll Preparation Fee Common Area Maintenance (CAM) Fee Property Management Setup Fee

  • Rental Property Selling: Key Differences You Need to Know! [Video]

    [Videos] Thinking of selling your rental property? Hold on! There are key differences compared to selling your primary residence. This video dives into essential factors like taxes, repairs, tenant considerations, and market strategies. Make informed decisions and maximize your profits when you sell your rental property. #RentalSelling #RealEstate My Home, My Sale - your ultimate destination for real advice in a world inundated with real estate noise! Tired of sifting through social media fluff and advertising about buying, selling, or owning a home? Us too. That's why we're flipping the script. Were Not Real Estate Agents or home buyers. Just straight-up, no-nonsense advice, tips, and info for homeowners and soon-to-be homeowners. Dive into our videos for expert insights, transparent discussions, and actionable guidance to navigate the complexities of homeownership with confidence. My Home, My Sale

  • Your Mortgage Payment: More Than Just Principal and Interest

    As a homeowner or someone looking to buy their first home, you've likely heard the term "mortgage payment" more times than you can count. But did you know that your monthly mortgage payment is not just a single lump sum? In fact, it's comprised of four distinct components: principal, interest, taxes, and insurance. Let's break down these components to help you understand where your hard-earned money is going. (PITI) 1. Principal The principal portion of your mortgage payment is essentially the repayment of the original loan amount you borrowed to purchase your home. Think of it as chipping away at the debt you owe. Over time, as you make monthly payments, your principal balance decreases, and you build equity in your home. This is the part of your mortgage payment that contributes to your growing ownership of your property. 2. Interest Interest is the cost of borrowing money from the lender. It's the financial incentive for the lender to lend you the funds to buy your home. Your interest rate is determined by various factors, including your creditworthiness and market conditions at the time you secure your loan. In the early years of your mortgage, the interest portion of your payment is higher, but as you pay down the principal, this amount gradually decreases. This is called amortization. 3. Taxes Real estate taxes, often referred to as property taxes, are a significant part of your mortgage payment. These taxes are levied by local governments and are used to fund essential services such as schools, roads, and public facilities in your community. The amount you pay in property taxes is based on your home's assessed value and the tax rate set by your local government. It's important to note that your property taxes may increase over time if your home's value appreciates. This is something to keep in mind as you budget for your home expenses. 4. Insurance Homeowners insurance is a crucial component of your mortgage payment. This insurance policy protects you and your lender in case of unexpected events, such as fire, natural disasters, or theft. Like property taxes, homeowners insurance premiums can change over time, so it's wise to review your policy annually to ensure you have adequate coverage and the best possible rates. Sponsor: Don't be the One Who Lost it All. Protect Your Home Equity and Title with Home Title Lock! Fixed Rate Loans and Changing Taxes If you have a fixed-rate mortgage, your principal and interest payment will remain constant throughout the life of the loan. This provides a sense of financial stability since you know exactly how much your mortgage payment will be each month. However, it's important to be aware that while your principal and interest remain fixed, your property taxes are not set in stone. As property values in your area increase, your real estate taxes may also rise. This can lead to an increase in your overall monthly mortgage payment. It's a reminder that homeownership comes with some financial responsibilities beyond your mortgage. Additional Monthly Expenses In addition to the principal, interest, taxes, and insurance (commonly referred to as PITI), there can be several other items included in your mortgage payment: Mortgage Insurance: If you make a down payment of less than 20% of the home's purchase price, your lender most likely will require you to carry mortgage insurance. This insurance protects the lender in case you default on your loan. Homeowners Association Fees: If your home is part of a homeowners association (HOA), you may have monthly or annual dues that cover shared community expenses like maintenance, landscaping, and amenities. Special Assessments: Occasionally, an HOA may impose a special assessment fee for major repairs or improvements to the community. This can be an unexpected additional expense. Flood Insurance: If your home is in a flood-prone area, you may be required to purchase flood insurance to protect against flood-related damages. Negative Escrow Account: If your lender anticipates a shortage in your escrow account (which covers taxes and insurance), they may increase your monthly payment to make up for it. The Takeaway Understanding the components of your mortgage payment empowers you as a homeowner. It allows you to budget effectively, anticipate changes, and ensure you have adequate coverage to protect your investment. Keep an eye on your property taxes and homeowners insurance to make sure you're getting the best value for your hard-earned money. As you pay down your principal and build equity, you're not just making a payment; you're investing in your future and the place you call home. My Home, My Sale Newsletter & Blog Post Sponsorship Package >>>

  • Fannie Mae's Game-Changing Move: A 5% Down Payment Option for Multifamily Homes

    [Homeowners Corner] In a game-changing move, Fannie Mae has introduced a new policy that opens doors for prospective homeowners and investors alike. Starting from the weekend after November 18, 2023, Fannie Mae will now accept a mere 5% down payment for owner-occupied 2-, 3-, and 4-unit homes, a significant reduction from the previous requirement of 15-25% for multifamily properties. The Benefits for Homeowners This policy shift brings a host of benefits for homeowners and potential investors. Here's how this new option can positively impact those looking to venture into multifamily homeownership: 1. Improved Affordability: The lowered down payment requirement makes it more financially feasible for individuals to invest in multifamily properties. This means aspiring homeowner-landlords can enter the real estate market with less upfront capital. 2. Diversification of Investment Portfolio: Multifamily properties offer an excellent opportunity for diversifying investment portfolios. With a lower entry barrier, homeowners can spread their investments across different units, potentially increasing returns. 3. Homeownership with Rental Income: Investing in a multifamily property not only provides a residence but also offers the chance to generate rental income. This dual benefit allows homeowners to offset mortgage costs and build equity more efficiently. Listen on YouTube Steps to Take for Prospective Buyers, Real Estate Agents, and Mortgage Lenders! For Prospective Buyers: Consult with a Mortgage Professional: Speak with a mortgage professional to understand the specifics of Fannie Mae's 5% down payment option. They can guide you through the application process and eligibility criteria. Evaluate Your Finances: Assess your financial situation to determine how much you can comfortably allocate for a down payment. Factor in additional costs like closing fees, maintenance, and potential renovations. Research Multifamily Properties: Explore the market for suitable multifamily properties. Consider factors such as location, property condition, and potential rental income to make an informed decision. Get Pre-Approved: Secure a pre-approval from a mortgage lender to strengthen your position when making an offer on a property. This demonstrates your financial readiness to sellers. Related Posts For Real Estate Agents: Stay Informed: Stay updated on the latest changes in financing policies, including Fannie Mae's down payment requirements for multifamily homes. This knowledge positions you as a valuable resource for clients. Educate Clients: Inform clients about the new 5% down payment option and how it can benefit them. Emphasize the potential for homeownership with rental income and the investment advantages of multifamily properties. Collaborate with Mortgage Professionals: Build strong partnerships with mortgage professionals who can provide expertise on financing options. This collaboration enhances the support you can offer to clients interested in multifamily homeownership. For Mortgage Lenders: Communicate Policy Changes: Ensure that your clients are aware of the updated down payment requirements for Fannie Mae's multifamily financing. Clear communication is crucial in guiding them through the process. Streamline Application Processes: Simplify and expedite the loan application process for clients interested in multifamily properties. This can contribute to a positive experience and foster long-term relationships. Provide Guidance on Financial Planning: Offer guidance on financial planning to help clients understand the overall costs of homeownership. This includes not only the down payment but also ongoing expenses associated with property ownership. Fannie Mae's new 5% down payment option for multifamily homes presents an exciting opportunity for prospective homeowners and investors. By understanding the benefits and taking strategic steps, individuals can leverage this policy change to venture into the multifamily real estate market, enhancing their financial portfolios and realizing the dream of homeownership with rental income. - My Home, My Sale Sponsorship >>>

  • Why Your Bank Statements Matter in Getting Approved for a Mortgage

    [Homeowners Corner] In the world of mortgage underwriting, the scrutiny of bank statements holds a pivotal role in assessing a borrower's financial well being and credibility. Let's take a look into why mortgage companies require bank statements, the red flags underwriters look for, and the common items that may prompt mortgage borrowers to provide explanations. Listen on YouTube Why Bank Statements Matter: Financial Verification: Bank statements serve as concrete evidence of a borrower's financial standing. They provide a snapshot of income, expenses, and overall financial behavior, offering underwriters crucial insights. Income Assessment: Through bank statements, underwriters can verify the consistency and stability of a borrower's income. This is crucial in determining the borrower's capacity to handle mortgage payments. Asset Verification: Beyond income, bank statements confirm the availability of assets that can be used for down payments, closing costs, and reserves. This helps assess the borrower's financial preparedness. Expense Analysis: Underwriters scrutinize bank statements to understand a borrower's spending habits and monthly obligations. This analysis ensures that borrowers can manage their mortgage payments alongside existing financial commitments. Red Flags Underwriters Look For: Insufficient Funds: Consistently low account balances or frequent overdrafts may raise concerns about a borrower's ability to handle additional financial responsibilities. Large Deposits: Unexplained large deposits can trigger scrutiny, as underwriters seek to ensure the legitimacy of the funds. Transparency is key, and borrowers may need to provide documentation for any significant influx of money. Unusual Transactions: Uncommon or irregular transactions may attract attention. This includes large withdrawals, transfers to unknown accounts, or suspicious activities that deviate from typical financial behavior. Undisclosed Debt: If underwriters identify recurring payments or withdrawals that are not disclosed in the loan application, it can raise concerns about the borrower's financial transparency. Items Borrowers May Need to Explain: Large Deposits or Transfers: Borrowers should be prepared to explain the source of any large deposits or transfers into their accounts. Providing documentation, such as gift letters or sale agreements, can help clarify the origin of funds. Multiple Overdrafts: If bank statements reveal frequent overdrafts, borrowers may need to explain the circumstances and demonstrate steps taken to address any financial challenges. Unusual Expenses: Unusual or large expenses not accounted for in the loan application may require explanation. This could include significant purchases that impact the borrower's debt-to-income ratio. Changes in Employment or Income: Any fluctuations in income or employment during the loan process should be communicated and supported with documentation. This ensures a clear understanding of the borrower's financial stability. Educating Borrowers: Understanding the reasons behind the scrutiny of bank statements empowers borrowers in their mortgage application journey. It emphasizes the importance of financial transparency, timely documentation, and open communication with the mortgage underwriting team. The request for bank statements in mortgage underwriting is not a mysterious process but an examination of a borrower's financial landscape. By shedding light on the why and what underwriters assess, this knowledge aims to clarify the bank statement requirement and promote a more informed and collaborative mortgage application process. - My Home, My Sale Sponsorship Opportunity: Promote Your Business to Thousands of Homeowners

  • Cracking the Code: The 3 Buyer Types Every Seller Needs to Know [Video]

    [Create Your FREE Property Listing] 3 Buyer Types Every Seller Needs to Know My Home, My Sale Your Source for Insights, Resources, and Savings [Play List] Shop Home Selling Essentials For Sale By Owner Yard Sign 36 in H x 25 in W Red & White Shop >>> Shoe Covers Disposable Non Slip - Pack of 100 (50 Pairs) Shop >>> Trending Posts Selling Terms Explained: Your My Home My Sale Cheat Sheet [Read Article] Know Your Numbers: The Essential Guide to Pricing Your Home for Break-Even [Read Article] Anna Kay My Home, My Sale myhomemysalechat@gmail.com

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