By JoAnn Sworan February 2012 In today’s lending environment, it’s more important than ever for Buyer’s Reps and their clients to address credit scores at the earliest opportunity. As a rule, lenders are looking for FICO scores over 650 and the best interest rates are reserved for the buyers above 760. Just one 30-day late …
Read more »Article Courtesy of mtgprofessor.com December 5, 2011Q: What is the down payment? A: The down payment is the property value less the loan amount. It is not the same as the borrower’s cash outlay if some of that outlay is used for settlement costs. On a newly constructed home, the land value can be part …
Read more »Information provided by rebac.net Real Estate Commissions Everyone deserves to be paid for valuable services they render to others, and real estate professionals are no different. But as a prospective home buyer, you’ll want to be sure you understand how compensation factors into your transaction. Common questions include: What is the standard compensation structure? For …
Read more »Information provided courtesy of Real Estate Buyer’s Agency Council (rebac.net). Lori Frankfort is an Accredited Buyer’s Representative (ABR). If you’ve started looking for a home—and a real estate professional to assist you—your buyer’s representative may ask you to sign a Buyer Representation Agreement. What is this form? Why should you sign it? A Buyer Representation …
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