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Sonic Realty

DJ Peterson

Condo vs. Townhouse: Understanding the Differences

When exploring housing options, you might encounter two popular choices: condos and townhouses. Both offer unique benefits and drawbacks, making it essential to understand their differences to choose the best fit for your lifestyle and needs. This article will delve into the critical aspects of condos and townhouses, comparing their features, advantages, and considerations. What […]

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Exploring Tudor Houses: A Timeless Architectural Style

Exploring Tudor Houses: A Timeless Architectural Style

Tudor houses are a beloved architectural style that evokes a sense of history and charm. With their distinctive features and rich historical background, Tudor houses continue to capture the imagination of homeowners and architecture enthusiasts alike. This blog post will explore Tudor houses’ origins, characteristics, and enduring appeal. Origins of Tudor Architecture Tudor architecture emerged

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A Comprehensive Guide to Wholesale Real Estate

A Comprehensive Guide to Wholesale Real Estate

1. Finding Motivated Sellers: Identifying motivated sellers willing to sell their properties at a discount can be challenging. It requires effective marketing, networking, and negotiation skills. 2. Competing in a Competitive Market: Finding undervalued properties in competitive real estate markets can take time and effort. Wholesalers must be resourceful and persistent to locate deals before

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How to Invest in Real Estate: A Comprehensive Guide

How to Invest in Real Estate: A Comprehensive Guide

Investing in real estate can be a lucrative way to build wealth, generate passive income, and diversify your investment portfolio. However, success requires careful planning, research, and strategy. Here’s a comprehensive guide on investing in real estate, covering the fundamental steps and critical considerations. Define Your Investment Goals Before investing in real estate, clarify your

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Modern Farmhouse Style: A Blend of Rustic Charm and Contemporary Elegance

Modern Farmhouse Style: A Blend of Rustic Charm and Contemporary Elegance

Modern farmhouse style is a design trend that marries the warmth and charm of traditional farmhouses with sleek, contemporary elements. This style has become increasingly popular due to its ability to create inviting, functional spaces that feel timeless and fresh. If you’re considering incorporating modern farmhouse elements into your home, here’s a comprehensive guide to

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Historic Homes: Charm, Challenges, and Preservation

Historic Homes: Charm, Challenges, and Preservation

Historic homes are architectural treasures that offer a glimpse into the past while providing unique living spaces with character and charm. These properties often come with a rich history, intricate craftsmanship, and distinctive features that set them apart from modern constructions. However, owning a historic home also presents specific challenges and responsibilities. Here’s an exploration

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Rent Control: What Is It and How Does It Work?

Rent Control: What Is It and How Does It Work?

Rent control is a regulatory measure implemented by local governments to limit landlords’ ability to increase rent on residential properties. This policy aims to provide affordable housing options for tenants in areas where housing costs are rising rapidly. Here’s a comprehensive look at what rent control entails, how it works, and its implications for landlords

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Homeowners Insurance Basics

Homeowners Insurance Basics

Homeowners insurance is a crucial financial safeguard that protects your home and belongings against unexpected damages and liabilities. Understanding the basics of homeowners insurance can help you choose the right coverage to protect your investment effectively. 1. Coverage Types Homeowners insurance typically includes several types of coverage: – Dwelling Coverage: This protects your home’s structure

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Affiliated Business Arrangement Disclosure Statement
This is to give you notice that Sonic Loans Inc., Sonic Title Agency LLC, and Sonic Realty LLC have a business relationship. The nature of the relationship between the Referring Party and the provider(s), including percentage of ownership interest, if applicable, is: Sonic Loans Inc., Sonic Title Agency LLC, and Sonic Realty LLC are all 100% owned by the same party. Because of this relationship, this referral may provide any of the above parties with financial or other benefit.
A. Set forth below is the estimated charge or range of charges for the settlement services listed. You are NOT required to use the listed provider(s) as a condition for settlement of your loan on, or purchase, sale, or refinance of, the subject property.
THERE ARE FREQUENTLY OTHER SETTLEMENT SERVICE PROVIDERS AVAILABLE WITH SIMILAR SERVICES. YOU ARE FREE TO SHOP AROUND TO DETERMINE THAT YOU ARE RECEIVING THE BEST SERVICES AND THE BEST RATE FOR THESE SERVICES.
Provider and Settlement ServiceCharge or Range of Charges
Sonic Realty LLC1%-6% of purchase price
Sonic Title Agency, LLC Title Insurance Policy: $950 - $1706 on a $250,000 property. (Rates vary and are dependent on the state, selling price, and loan amount on the property.)
Title Search Fee: $250 - $325 (where applicable)
Closing Fee: $450 - $650
Sonic Loans Inc.

This company provides various real estate mortgage loan origination activities either as a third-party originator or a mortgage broker, including loan pre-qualification, competitive bid process (when providing third-party origination services), loan origination, loan pre-approval, loan structuring, processing, and closing.

Loan Origination Charge: 0-3 % of loan amount (may include 3rd party fees)
Loan Discount Fee/points: 0.5%-6% of loan amount.
Application/Processing Fee: $0.00 - $875.00
Flood and tax service: $0.00 - $95.00
Underwriting Fee: $0.00 - $1295.00
Document Review Fee: $0.00 - $400.00
Appraisal Fee: $0.00 - $850.00
Credit Report Fee: $0.00 - $135.00

Actual charges may vary according to the particular lender selected, the particular services provided, and the underlying transaction, borrower selections, etc. Some or all of these fees may be charged by third parties and/or the Member Mortgage Lender/Mortgage Broker. The Member Lenders and Mortgage Brokers have agreed to pay a fee ranging from 0.5% to 2.75% of the loan amount to Sonic Loans in connection with a range of loan origination services provided by Sonic Loans to the Member Lender/Mortgage Broker. The fees are paid either directly to Sonic Loans by the Member Lender/Mortgage Broker or billed directly to you at closing.
B. Set forth below is the estimated charge or range of charges for the settlement services of an attorney, credit reportingagency, or real estate appraiser that we, as your lender, will require you to use, as a condition of your loan on this property, to represent our interests in the transaction.
Sonic Loans Inc. provides mortgage lender/broker services. Sonic Realty LLC provides real estate brokerage services. Sonic Title Agency LLC provides title insurance and settlement services.

Provider and Settlement ServiceCharge or Range of Charges
Appraisal Fee$0-$800
Credit Report Fee$63-$125
 Actual charges may vary depending on the lender and loan program selected which can be found on your loan estimate.
ACKNOWLEDGMENT
I/we have read this disclosure form and understand that Sonic Loans Inc., Sonic Realty, LLC, or Sonic Title Agency LLC are referring me/us to purchase the above-described settlement service(s) and may receive a financial or other benefit as the result of this referral.