Understand the Process
Unless you’re planning to make an all-cash purchase, you’re going to have to secure a mortgage for that new luxury home sale. It helps to talk to your realtor, understand what to expect and take the time up front to really sit down and know what you want and need from your lender. Celli Group Fine Properties has devoted this section to help you reach both those aims.
Luxury Home Sale Questions?
Ask your realtor! Some of the most common realtor questions associated with finding a loan for a luxury home sale are answered for you: questions like how do I choose the best loan program for me, what does the interest rate really mean to me and what happens if interest rates drop? Rebecca Celli, Realtor helps explain and determine the best kind of load for you.
Know Your Rights
Did you know that in addition to the right to view your credit report and know your FICO score, you also are protected by RESPA, the Real Estate Settlement Procedures Act passed by Congress? RESPA requires your lender to provide you with a “Good Faith Estimate of Settlement Costs” early in the loan process. Celli Group Fine Properties explains more, and how this can affect your luxury home sale.