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2. What is a gift letter for a mortgage? - AOL

   www.aol.com/finance/gift-letter-mortgage...

   Per the USDA, anyone can give you money toward a mortgage down payment provided they aren’t a “source that has an interest in the sale of the property (seller, builder, real estate agent, etc.)”

3. Forget Mortgage Rates: This Is Way More Important to Home Buyers

   www.aol.com/forget-mortgage-rates-way-more...

   Image source: Getty Images. The average mortgage rate today for a 30-year loan is 6.47%. Considering that the average rate was over 7.2% back in May, that's an improvement. But a 6.47% mortgage ...

4. Wraparound mortgage - Wikipedia

   en.wikipedia.org/wiki/Wraparound_mortgage

   The seller, who has the original mortgage sells his home with the existing first mortgage in place and a second mortgage which he "carries back" from the buyer. The mortgage he takes from the buyer is for the amount of the first mortgage plus a negotiated amount less than or up to the sales price, minus any down payment and closing costs. The ...

5. More homebuyers back out of deals as mortgage rates hit 23 ...

   www.aol.com/finance/more-homebuyers-back-deals...

   Roughly 53,000 US home purchase agreements fell through in September, according to Redfin, equal to 16.3% of homes that went under contract that month. More homebuyers back out of deals as ...

6. Realtor lawsuit settlement unburdens home sellers from heavy ...

   www.aol.com/finance/realtor-lawsuit-settlement...

   Essentially, buyers could save money by “DIY(ing) a lot of the work,” Wedge said. Homeowners, especially ones in expensive areas, could benefit further from the injection of more competition.

7. Cash offer - Wikipedia

   en.wikipedia.org/wiki/Cash_offer

   Other lenders assist mortgage buyers compete against cash offers. For example, a mortgage company may provide a buyer a commitment prior to identifying a home. This differs from a pre-approval letter, which is a formal estimate of what a buyer can afford - not an obligation. A commitment, however, does not account for the appraisal contingency ...