When considering a home warranty, one of the most important factors is cost. Home warranties can provide peace of mind by covering repairs and replacements of major home systems and appliances. However, knowing what to expect regarding pricing is crucial for budgeting and making an informed decision. Here’s a breakdown of the typical costs associated […]
Home Warranty Cost: What To Expect Read More Ā»
Home warranty plans are often marketed as a financial safety net for homeowners, providing coverage for repairs and replacements of major home systems and appliances. But are these plans genuinely worth the investment? Let’s delve into the details to help you decide whether a home warranty plan is right for you. What Is a Home
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Flipping houses has become a popular venture for real estate investment investors. It involves purchasing a property, renovating it to increase its value, and then selling it for a profit. If you want to start house flipping, here’s a comprehensive guide to help you navigate this exciting but challenging endeavor. Understanding House Flipping House
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When you purchase homeowners insurance, you receive a comprehensive document called the homeowner’s insurance declaration page. This page is crucial for understanding your coverage details, policy limits, and other essential information related to your insurance policy. Here’s everything you need to know about the homeowner’s insurance declaration page and why it matters. Understanding the Declaration
What Is a Homeowners Insurance Declaration Page? Read More Ā»
Filing a homeowners insurance claim can be daunting, especially after experiencing damage or loss. However, understanding the steps involved can help you navigate the process more smoothly and achieve your desired results. Here’s a Comprehensive guide to filing a homeowners insurance claim. Step 1: Assess the Damage Before you do anything: Assess the extent of
How to File a Homeowners Insurance Claim: A Step-by-Step Guide Read More Ā»
Buying your first home is an exciting milestone but can also be a complex and overwhelming process. Many first-time buyers make mistakes that can lead to financial stress and buyer’s remorse. To help you navigate this journey smoothly, here are 17 common mistakes and how to avoid them. Not Getting Pre-Approved for a Mortgage Mistake:
17 First-Time Home Buyer Mistakes And How To Avoid Them Read More Ā»
Buying a house is one of your most significant financial commitments. As you’re a first-time buyer, the process can be overwhelming. Budgeting properly ensures you can afford your new home without compromising your financial stability. Here’s a comprehensive guide to effectively help you budget for your first house. Assess Your Financial Situation 1. Evaluate Your
How To Budget For A House: A Guide For First-Time Buyers Read More Ā»
A home appraisal is a crucial step in the home buying and selling process. It determines the market value of a property, ensuring that the price reflects its true worth. Whether buying, selling, or Refinancing, understanding how a home appraisal works can help you navigate the process more effectively. Here’s a detailed look at what
How Does a Home Appraisal Work? Read More Ā»
Buying a home is a significant financial commitment, and one of the biggest hurdles for many prospective homeowners is the down payment. Down payment assistance (DPA) programs can help bridge this gap, making homeownership more attainable. This blog post explains how DPA works and offers tips on finding a program that suits your needs.
Down Payment Assistance: How It Works And How To Find A Program For You Read More Ā»
When navigating the complexities of a real estate transaction, it’s crucial to understand the concept of fiduciary duty and who owes it to you. A fiduciary duty is a legal obligation that requires certain parties to act in the best interests of others. In real estate, this duty ensures that agents, brokers, and other professionals
Who Owes a Fiduciary Duty in Real Estate and What Does That Mean for Your Transaction? Read More Ā»
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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 |
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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 |
