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What is Reverse Mortgage and What are the Pros and Cons of Reverse Mortgage?

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Most of the people want to know that what is Reverse Mortgage and how does it work. Now you can get your answers about the reverse mortgage pros and cons and other information here. What is Reverse Mortgage? The Reverse Mortgage is a kind of loan or mortgage where a homeowner can borrow the money from the lender against the value of his house. There will be no repayments of the principal or interest, is required until the mortgagor dies and sells the house.   Learn More about Reverse Mortgage ( Free Ultimate Guide ) What is Reverse Mortgage Loan – Detail Overview A reverse mortgage is a type of loan for the senior’s citizen age 62 and above. Home Equity Conversion Mortgage (HECM) loans are protected by the Federal Housing Administration (FHA) and allow the home-owners to exchange their Home Equity into money and no monthly loan repayments are required. Read This Gide to Learn More About What is Reverse Mortgage Loan? Pros and Cons: For those who want to stay

The Pros and Cons of Being a Real Estate Agent 2018 - Realities

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Real estate is a career with significant rewards and as many challenges. Though it can be lucrative, it requires hard work and sacrifice. If you’re interested in going into real estate, we’ve put together a list of the pros and cons of becoming a real estate agent. Pro: You have the flexibility to choose your own schedule A majority of Real Estate Professionals get into the business because they want a flexible schedule, and it’s true, in real estate you are your own boss and can arrange your day so that you’re able to attend your child’s sporting event or be home for the after-school rush. You don’t clock in and clock out every day. “There have been tremendous shifts in terms of when, where, and how people are working,” Sarah Sutton Fell, the CEO of FlexJobs told U.S. News, “and in the last five years we’ve seen a big increase in flexible work options, both being offered by employers and being sought by professionals.” Real estate is one of those prized careers that hav

How Do They Calculate How Much Mortgage Can You Have?

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How Much House Can I Afford? Applying for a mortgage and buying a house is a major financial decision that can affect your bottom line for up to 30 years or more so it is important to understand how much house you can afford. The first step in paving a smooth financial path for yourself is to add up your monthly income and expenses. Use our calculator to help with this . The calculator will analyze your monthly income, expenses, and future property taxes and insurance to estimate the mortgage amount that would best fit your budget. Read below to learn more about the factors to consider. Start with budgeting basics It’s a matter of looking at how much money you earn versus how much you spend. Don’t include what you’re currently paying in rent or mortgage in your expenses, since you will put that money toward your proposed mortgage.  Subtract your expenses from your income. The difference is what you have to work with when it comes time to buying a house.  Once you

How Do Real Estate Agents Get Paid? - Real Estate Information

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How much is real estate commission? Typically, real estate commission is 5%–6% of the home’s sale price. In most areas the buyer’s agent receives 2.5%–3% in commission and the seller’s agent receives 2.5%-3% in commission. Who pays the commission? If you are buying a home, you don’t have to pay real estate agent commission; however, you still have to pay closing costs. On the other hand, if you are selling a home you pay commission to both your agent and the buyer’s agent when your house closes. Can you negotiate commission fees? Some agents will lower their commission fees, particularly if they are representing both the buyer and the seller in a home sale (also known as dual agency). How does commission work for buyers? The home seller pays the commission for both the seller’s agent and the buyer’s agent. But that doesn’t mean that there is no cost to the buyer. Sellers sometimes account for the fee they’ll be paying and pass costs along by raising their lis

Real Estate Commission: How Much is it, and Who Pays What?

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How much do real estate agents make on a sale?  A real estate commission depends on the type of services provided, the actual agreements between the parties involved, and on local custom. The most common figure is 6 percent. 1- Typically, the seller pays the commission 2-The commission is usually split between the buyer’s and seller’s agents 3-Sellers can pay lower fees by using discount brokerage services or selling on their own How much do real estate agents make? That depends A real estate agent usually doesn’t earn an hourly wage. Instead, most make their income only after a home has been sold. This income is in the form of a commission, which equates to a percentage of the home’s selling price. So the answer to how much do real estate agents make will depend on how much the home sells for. The average commission today is between 5 and 6 percent of the home’s sales price. Say the home you buy sells for $300,000. A 6 percent commission would equal $18,000.