Should You Rent or Buy in 2025? A Practical Breakdown Deciding whether to rent or buy a home has always been a cornerstone of personal finance planning, and 2025 is no exception. The housing market, interest rates, rental trends, and lifestyle preferences all play critical roles in this decision. While buying offers long-term equity and […]
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The Homebuying Process Explained From Start to Finish Buying a home is one of the most significant financial decisions most people will ever make. While exciting, it can also feel overwhelming, especially for first-time buyers. Understanding the homebuying process from start to finish can help you feel more confident, avoid common pitfalls, and make the
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Digital Closing Process Guide: How Modern Closings Work from Start to Finish The real estate industry is rapidly shifting toward faster, more transparent, and more convenient experiences—and nowhere is that more obvious than in the rise of digital closings. Also known as “eClosings” or “remote closings,” these transactions allow buyers and sellers to complete closing
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3D Printing in Home Construction: Building the Future Layer by Layer Over the last decade, 3D printing has moved far beyond the world of plastic models and prototypes. Today, this technology is reshaping one of the most traditional and labor-heavy industries in the world: home construction. From affordable housing solutions to ultra-modern architectural designs, 3D-printed
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Virtual Home Tours: Tips for Buyers and Sellers In today’s real estate landscape, virtual home tours have become an essential part of how homes are marketed and purchased. Whether you’re a buyer exploring properties from the comfort of your couch or a seller aiming to showcase your home to a wider audience, virtual tours can
Real Estate Apps Every Homeowner Needs In today’s digital age, your smartphone can be one of the most powerful tools for managing every aspect of homeownership. Whether you’re looking to buy, sell, renovate, or simply keep track of your property’s value, real estate apps can help streamline the process. From staying informed about local market
Garden City Real Estate News You Need to Know Located in Wayne County, Michigan, the city of Garden City continues to present a dynamic real estate landscape. Whether you’re a homeowner looking to sell, a buyer seeking your next move, or simply watching local market trends, here’s the most up-to-date snapshot of what’s going on
New Housing Developments in Dearborn — 2025 Dearborn is changing — slowly but noticeably — as 2025 brings a mix of city-led infill projects, private redevelopment opportunities, and broader regional initiatives that are reshaping where and how people will live in this historic Detroit suburb. Between targeted neighborhood revitalization, potential mixed-use transformations of aging retail
The Closing Timeline for Dearborn Real Estate Deals Closing a real estate transaction in Dearborn, Michigan, involves a number of steps and parties working together—from offer acceptance to receiving the keys. While many of the general timelines you’ll encounter apply nationwide, it’s helpful to know the local specifics and regulatory details that affect the process
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Dearborn Real Estate Closings: What Buyers Should Know Buying a home in Dearborn, Michigan, can be one of the most exciting — and complex — experiences of your life. The journey from making an offer to receiving the keys involves multiple steps, professionals, and legal documents. Understanding how real estate closings work can help you
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| Provider and Settlement Service | Charge or Range of Charges |
|---|---|
| Sonic Realty LLC | 1%-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. |
| Provider and Settlement Service | Charge or Range of Charges |
|---|---|
| Appraisal Fee | $0-$800 |
| Credit Report Fee | $63-$125 |
