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Sonic Realty

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A Guide to Split-Level Houses

  Split-level houses, a popular architectural style in the mid-20th century, continue to attract homeowners with their unique design and practical layout. Characterized by staggered multiple levels, these homes offer distinct advantages and a unique charm. This guide explores what split-level houses are, their design features, benefits, and considerations for potential buyers. Understanding Split-Level Houses […]

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What is a Townhome?

When navigating the world of real estate, you’ll come across various types of residential properties, each with unique characteristics and benefits. One such option is a townhome, often favored for its balance between the affordability and maintenance ease of a condo and the space and privacy of a single-family home. Here’s a comprehensive guide to

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Understanding Home Title Theft: How to Protect Your Property

  Home title theft, a relatively new but increasingly prevalent form of fraud, poses a significant threat to property owners. This crime involves stealing a homeowner’s identity to transfer the property title, allowing fraudsters to take out loans or sell the property without the owner’s knowledge. Understanding how home title theft works and how to

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Understanding Umbrella Policies: Extra Protection for Peace of Mind

Most people think of standard policies like home, auto, and health insurance. However, another type of coverage can provide an additional layer of protection: the umbrella policy. This type of insurance is designed to safeguard you against significant financial losses exceeding your existing policies’ limits. Here’s what you need to know about umbrella policies and

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How To Use A VA Loan For An Investment Property

The VA loan program, backed by the U.S. Department of Veterans Affairs, offers numerous benefits to eligible veterans and service members, including no down payment, competitive interest rates, or private mortgage insurance (PMI). While these loans are primarily intended for purchasing primary residences, there are ways to leverage a VA loan for investment property purposes.

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Buying Rental Property: Everything You Need to Know

  Investing in rental property can be lucrative for building wealth, generating passive income, and securing your financial future. However, it’s a complex process that requires careful planning, research, and execution. Here’s everything you need to know about buying a rental property, from initial considerations to closing the deal. Assessing Your Financial Readiness Before diving

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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.