Understanding key mortgage concepts and terminology can help you help your buyers, as they look for financing and make offers on properties. It can also help you to structure your purchase offers and get deals closed faster!
We'll cover these key concepts, terminology and much more:
Conventional vs. Government loans – what are the major differences?
Credit scores – How many does a borrower have, what influences borrower scores and how does this impact loan options for my buyer?
Escrow Holdback – What is this and how can it help close my sale sooner?
What’s an LLC and why would my buyer consider vesting title in an LLC?
Pre-Approval vs. Pre-Qualification – which one should my buyers obtain – does it matter?
Seller Credit vs. Seller Contribution/Seller Concession – aren’t these the same?