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Sonic Realty

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How to Lower Property Taxes on Your Home: A Comprehensive Guide

For many homeowners, property taxes represent a significant portion of annual expenses. While they fund essential services like schools, infrastructure, and public safety, the burden can be heavy, especially in areas with high property tax rates. Fortunately, there are several strategies you can use to lower your property taxes. This guide will walk you through […]

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2024 Homeowners Insurance Claim Statistics: Key Insights and Trends

Homeowners insurance is a critical safety net that protects property owners from financial ruin in the event of damage or loss to their homes. Thousands of homeowners file claims with their insurance companies every year to recover from natural disasters, theft, and accidents. As we move into 2024, understanding homeowners insurance claim statistics can help

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Real Estate vs. Property Taxes: Understanding the Differences and How They Impact You

When owning real estate, understanding the financial obligations of property ownership is essential. One of the most significant ongoing costs for property owners is property taxes. Many people conflate the terms real estate and property taxes, but they represent very different concepts. Real estate refers to the physical property itself. In contrast, property taxes are

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Easement Appurtenant: Understanding its Role and Importance in Real Estate

Easement Appurtenant: Understanding its Role and Importance in Real Estate

In real estate law, the term “easement appurtenant” may not be one that most homeowners, buyers, or sellers encounter frequently. Still, it is an important legal concept that can significantly impact property rights and value. Easements play a crucial role in property usage and development, and understanding what an easement appurtenant is, how it works,

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Understanding ROI in Real Estate: Maximizing Returns on Your Property Investments

Return on investment (ROI) is a crucial metric for evaluating the profitability of any investment, and it’s essential in real estate. Whether you’re a seasoned investor or a first-time homebuyer, understanding how to calculate and improve your ROI is crucial in making informed decisions. In this article, we’ll explore what ROI in real estate means,

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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.