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Sonic Realty

DJ Peterson

Exploring Kit Homes: A Modern Take on Traditional Homebuilding

Exploring Kit Homes: A Modern Take on Traditional Homebuilding

Kit homes, prefabricated or prefab homes, have become increasingly popular as a viable alternative to traditional home construction. These homes are built off-site in a factory setting and then transported to the final location for assembly. Here’s a detailed look at what kit homes entail, their benefits, and considerations for potential buyers. 1. What is […]

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Understanding Prefab Homes: Innovation in Modern Homebuilding

Understanding Prefab Homes: Innovation in Modern Homebuilding

Prefab homes, short for prefabricated homes, are a contemporary housing solution gaining popularity for their efficiency, sustainability, and design flexibility. Here’s a comprehensive overview of what prefab homes entail, their benefits, and why they might be an ideal choice for your next housing investment. 1. Definition of Prefab Homes Prefabricated or prefab homes are residential

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How To Screen Tenants Fairly For Rental Properties

How To Screen Tenants Fairly For Rental Properties

Screening tenants is critical for landlords to ensure they select reliable renters who will maintain their property and pay rent on time. A fair and thorough screening process helps protect your investment and fosters positive landlord-tenant relationships. Here’s a comprehensive guide on how to screen tenants reasonably for rental properties. 1. Establish Rental Criteria Start

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How To Find Your Property Lines: 5 Free Methods To Use

How To Find Your Property Lines: 5 Free Methods To Use

Knowing the exact boundaries of your property is essential for various reasons, from planning renovations to resolving disputes with neighbors. Here are five effective, often free, methods for finding your property lines accurately. **1. Consult Your Property Deed and Survey The most reliable way to determine your property lines is by referring to your property

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Net Operating Income (NOI): Understanding Its Significance in Real Estate

Net Operating Income (NOI): Understanding Its Significance in Real Estate

Net Operating Income (NOI) is a fundamental financial metric used in real estate investment analysis to assess income-generating properties’ profitability and operational efficiency. Understanding NOI is crucial for investors, property owners, and commercial and residential real estate stakeholders. Here’s a comprehensive overview of what NOI entails and its significance in the real estate industry. Definition

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Zoning: What It Is and How It Affects Your Property Rights

Zoning is a fundamental aspect of urban planning and land use regulation that significantly impacts property owners and their rights. Understanding zoning laws and their implications can help property owners navigate the complexities of land development, usage, and community planning. What is Zoning? Zoning refers to dividing a municipality or region into zones, each with

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How to Invest in Property Without Buying a House: 10 Innovative Ways

How to Invest in Property Without Buying a House: 10 Innovative Ways

Investing in property has long been a popular method for building wealth, but buying a house isn’t the only way to enter the real estate market. For those looking to invest without the responsibilities of homeownership, several alternative strategies exist. Here are ten ways to invest in property without buying a house: Real Estate Investment

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CMO Vs. MBS

CMO Vs. MBS

Understanding the distinctions between Collateralized Mortgage Obligations (CMOs) and Mortgage-Backed Securities (MBS) becomes crucial when delving into finance and investments. While both are integral to the fixed-income market, they serve different purposes and appeal to varying investor preferences. Collateralized Mortgage Obligations (CMOs) Structure and Purpose: CMOs are structured financial instruments that package together mortgages into

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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.