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Best Neighborhoods to Buy a Home in Dearborn, MI

Best Neighborhoods to Buy a Home in Dearborn, MI

1. West Dearborn & Southwest Outer Drive A vibrant mix of residential streets, local shops, restaurants, and cultural hubs makes West Dearborn an appealing choice. The walkable atmosphere and diverse amenities contribute to strong community appeal.Think Real State Southwest Outer Drive offers a good balance between affordability and convenience, with a median listing price of […]

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Down Payment Assistance Programs in Michigan

Down Payment Assistance Programs in Michigan

Buying a home is one of the most significant financial decisions many Michiganders will ever make. Fortunately, down payment assistance (DPA) programs can help alleviate this burden, making homeownership more attainable for low- to moderate-income buyers, first-time homebuyers, and those in targeted communities. Here’s an in-depth look at key DPA programs available in Michigan in

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Credit Score Needed to Buy a Home in Garden City, MI

Credit Score Needed to Buy a Home in Garden City, MI

When aiming to purchase a home in Garden City, Michigan, understanding credit score expectations—both nationally and locally—is key. Here’s a comprehensive guide to help you navigate the requirements and increase your chances of approval. 1. Understanding National Credit Score Benchmarks Conventional loans—commonly used by repeat buyers or those with ample down payment—typically require a minimum

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How Much House Can You Afford in Livonia? A Complete Guide for 2025 Buyers

How Much House Can You Afford in Livonia? A Complete Guide for 2025 Buyers

How Much House Can You Afford in Livonia? A Complete Guide for 2025 Buyers Livonia, Michigan, is one of the most attractive suburban cities in the Metro Detroit area. With excellent schools, safe neighborhoods, and easy access to highways and shopping, it’s no surprise that many buyers are eyeing homes in this area. But the

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Restaurant Scene Impact on Property Values

Restaurant Scene Impact on Property Values

The influence of local amenities on property values has long been a focal point for real estate professionals, investors, and homeowners alike. Among the many lifestyle attractions that can elevate a neighborhood’s desirability, a thriving restaurant scene stands out as a powerful economic and cultural force. From revitalizing declining districts to accelerating gentrification in up-and-coming

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Local Development Projects’ Impact on Property Values

Local Development Projects’ Impact on Property Values

Local development projects have long been a central driver in shaping real estate markets. Whether it’s a new shopping center, a highway expansion, a school renovation, or a public park, these changes often bring substantial shifts in property values. For homeowners, real estate investors, and prospective buyers, understanding how local developments influence property values is

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Multi-Generational Home Design: Creating Comfortable, Functional Spaces for All Ages

Multi-Generational Home Design: Creating Comfortable, Functional Spaces for All Ages

As housing costs rise and family dynamics evolve, multi-generational living is becoming increasingly common. According to the Pew Research Center, nearly one in five Americans now lives in a multi-generational household. Whether due to aging parents moving in, adult children returning home, or families pooling resources, the trend toward shared living spaces has sparked a

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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.