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 […]
The tiny house movement has gained significant popularity recently as more people seek simplicity, affordability, and sustainability in their living arrangements. But what exactly is a tiny house, and why are these small dwellings capturing the imagination of so many? Here are 12 surprising facts about tiny houses that shed light on this unique
Buying or selling a home is a significant milestone, and having a knowledgeable and dedicated REALTOR by your side can make all the difference. Whether they helped you find your dream home, negotiated a favorable deal, or provided invaluable guidance, expressing your gratitude with a heartfelt thank you note is a meaningful gesture. Here’s
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
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
Understanding Home Title Theft: How to Protect Your Property Read More »
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
Understanding Umbrella Policies: Extra Protection for Peace of Mind Read More »
When navigating the complex world of real estate, you’ll encounter terms like REALTOR® and real estate agent. While these terms are often used interchangeably, they have distinct meanings and implications. Understanding the difference between a REALTOR® and a real estate agent can help you make informed decisions when buying or selling property. 1. Real Estate
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.
Purchasing a manufactured home can be an excellent, affordable way to achieve homeownership. However, coming up with a down payment can still be a significant hurdle for many prospective buyers. Fortunately, several down payment assistance programs are specifically designed to help purchase a manufactured home. This blog post will guide you through the various
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
Buying Rental Property: Everything You Need to Know Read More »
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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 |
