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The Unmarried Couple’s Guide to Homeownership

The Unmarried Couple’s Guide to Homeownership

Purchasing a home together is a significant milestone for any couple, whether married or not. While unmarried couples increasingly buy homes together, they face unique challenges that married couples may not encounter. Navigating these challenges requires planning, clear communication, and a solid understanding of co-ownership’s legal, financial, and logistical implications. This guide provides a comprehensive […]

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Understanding Life Estates: An Overview of Concept, Benefits, and Considerations

Understanding Life Estates: An Overview of Concept, Benefits, and Considerations

A life estate is a legal concept that plays a significant role in property law, offering unique advantages and considerations for property owners and heirs. Essentially, a life estate grants an individual, known as the life tenant, the right to use, occupy, and benefit from a property for the duration of their life. However, the ownership of the

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Affordable Housing Explained: A Comprehensive Guide

Affordable Housing Explained: A Comprehensive Guide

Affordable housing is a critical issue that affects millions of individuals and families worldwide. It is a cornerstone of social stability, economic growth, and individual well-being. Yet, for many, the concept still needs to be understood as simply low-income housing. This article will delve into what affordable housing truly means, why it matters, the challenges

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Liberty Home Guard: A Comprehensive Guide to Home Warranty Services

Liberty Home Guard: A Comprehensive Guide to Home Warranty Services

A home warranty can offer peace of mind when protecting your home’s major systems and appliances. Liberty Home Guard is a leading provider in the home warranty industry, offering coverage plans designed to help homeowners manage the repair or replacement costs of essential home systems and appliances. In this article, we’ll explore Liberty Home Guard,

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Digital Real Estate: The Future of Property Investment

As technology continues to reshape our world, traditional concepts of ownership and investment are evolving. Digital real estate encompasses various online properties, from virtual Land in digital worlds to websites and online businesses. This article explores digital real estate, its significance, types, investment opportunities, and potential challenges. What is Digital Real Estate? Digital real estate

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How to Get Renters Insurance: A Comprehensive Guide

Renters insurance is an affordable and essential protection for tenants, covering personal belongings, liability, and additional living expenses in case of unexpected events. Despite its benefits, many renters need to know how to get started or what kind of coverage they need. Here’s a step-by-step guide on how to get renters insurance to ensure you’re

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Title Insurance Claim: A Comprehensive Guide on How to File and Navigate the Process

Title insurance is a crucial safeguard for real estate transactions, protecting property buyers and lenders against potential title defects. While title issues are uncommon in most property transfers, they occasionally arise, leading to disputes over ownership, undisclosed liens, or other legal complications. If you’ve purchased title insurance and a defect in the title later surfaces,

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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.