news4global
  • Home
  • Bitcoin
  • Blockchain
  • Business
  • Latest news
  • Market
  • Regulation
  • VideosHot
    Luna coin news today tamil | New Token Coming | Luna Classic | Luna coin tamil | Luna coin latest

    Luna coin news today tamil | New Token Coming | Luna Classic | Luna coin tamil | Luna coin latest

    Ripple XRP Price News Today Technical Analysis – Ripple XRP Price Now! Elliott Wave Analysis!

    Ripple XRP Price News Today Technical Analysis – Ripple XRP Price Now! Elliott Wave Analysis!

    🚨 Crypto Big Crash ? | Top Altcoin to buy Now | Crypto News Today | Bitcoin News | Luna Coin News

    🚨 Crypto Big Crash ? | Top Altcoin to buy Now | Crypto News Today | Bitcoin News | Luna Coin News

    How Terra Luna Changed EVERYTHING in Crypto (#1 Takeaway)

    How Terra Luna Changed EVERYTHING in Crypto (#1 Takeaway)

    Something MASSIVE coming for Bitcoin! – Cryptocurrency News Today

    Something MASSIVE coming for Bitcoin! – Cryptocurrency News Today

    VeChain (VET) Price News Today – Technical Analysis Update, Price Now! Elliott Wave Analysis!

    VeChain (VET) Price News Today – Technical Analysis Update, Price Now! Elliott Wave Analysis!

    15/05/2022| Cryptocurrency Tamil news today | Shiba inu coin news | luna crypto news | Bitcoin Tamil

    15/05/2022| Cryptocurrency Tamil news today | Shiba inu coin news | luna crypto news | Bitcoin Tamil

    15 May 2022 बड़ी ख़बर 🚨 Luna Crypto News Today | Why Crypto Market Going Down Today

    15 May 2022 बड़ी ख़बर 🚨 Luna Crypto News Today | Why Crypto Market Going Down Today

    Crypto news today | Shiba inu coin news today | Crypto market crash today | luna crypto coin news

    Crypto news today | Shiba inu coin news today | Crypto market crash today | luna crypto coin news

No Result
View All Result
  • Home
  • Bitcoin
  • Blockchain
  • Business
  • Latest news
  • Market
  • Regulation
  • VideosHot
    Luna coin news today tamil | New Token Coming | Luna Classic | Luna coin tamil | Luna coin latest

    Luna coin news today tamil | New Token Coming | Luna Classic | Luna coin tamil | Luna coin latest

    Ripple XRP Price News Today Technical Analysis – Ripple XRP Price Now! Elliott Wave Analysis!

    Ripple XRP Price News Today Technical Analysis – Ripple XRP Price Now! Elliott Wave Analysis!

    🚨 Crypto Big Crash ? | Top Altcoin to buy Now | Crypto News Today | Bitcoin News | Luna Coin News

    🚨 Crypto Big Crash ? | Top Altcoin to buy Now | Crypto News Today | Bitcoin News | Luna Coin News

    How Terra Luna Changed EVERYTHING in Crypto (#1 Takeaway)

    How Terra Luna Changed EVERYTHING in Crypto (#1 Takeaway)

    Something MASSIVE coming for Bitcoin! – Cryptocurrency News Today

    Something MASSIVE coming for Bitcoin! – Cryptocurrency News Today

    VeChain (VET) Price News Today – Technical Analysis Update, Price Now! Elliott Wave Analysis!

    VeChain (VET) Price News Today – Technical Analysis Update, Price Now! Elliott Wave Analysis!

    15/05/2022| Cryptocurrency Tamil news today | Shiba inu coin news | luna crypto news | Bitcoin Tamil

    15/05/2022| Cryptocurrency Tamil news today | Shiba inu coin news | luna crypto news | Bitcoin Tamil

    15 May 2022 बड़ी ख़बर 🚨 Luna Crypto News Today | Why Crypto Market Going Down Today

    15 May 2022 बड़ी ख़बर 🚨 Luna Crypto News Today | Why Crypto Market Going Down Today

    Crypto news today | Shiba inu coin news today | Crypto market crash today | luna crypto coin news

    Crypto news today | Shiba inu coin news today | Crypto market crash today | luna crypto coin news

No Result
View All Result
news4global
No Result
View All Result
Home Bitcoin

Americans know more about celebrity love lives, the NFL and the Kardashians than about real estate basics

June 16, 2022
Reading Time: 5 mins read
0
Americans know more about celebrity love lives, the NFL and the Kardashians than about real estate basics
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

Financing is a crucial first step in the home-buying process, but it’s also one of the most confusing. Two-thirds of survey respondents don’t understand the benefits of getting pre-approved for a mortgage. Advantages of having pre-approval can include closing on a home faster, getting clear budget constraints and making an offer that’s more attractive to a seller. A lower interest rate is not a benefit of pre-approval, as the majority of respondents believed.

Determining a down payment amount and when private mortgage insurance (PMI) is required is an important financial decision to make when purchasing a home, as it can have a big impact on the monthly payment. Many survey respondents assumed PMI is required no matter what, but the only instance when it’s not required is on a conventional loan with a down payment of 20% or more.

Most U.S. adults correctly answered that a person’s payment history impacts their credit score, and that the purpose of an appraisal is to determine if the home is worth its purchase price.

Related articles

Can you earn passive income running a Lightning node? By Cointelegraph

Can you earn passive income running a Lightning node? By Cointelegraph

June 27, 2022
Week in Insights: Taking the Next Big Steps After Graduation

Week in Insights: Taking the Next Big Steps After Graduation

June 26, 2022

But when it comes to celebrity love lives, the Kardashians and the NFL, Americans are more in the know, even though their lives and finances aren’t directly impacted. The typical survey respondent answered three of five questions correctly in each of these categories.

Nearly 85% of respondents knew that Kim Kardashian has four children with Kanye West, and 70% correctly answered whom Jennifer Lopez is now engaged to after first breaking up in 2004 (answer: Ben Affleck). And on the topic of football, the typical American knows a lot about Tom Brady; 71% of respondents knew that the popular quarterback left the New England Patriots to play for the Tampa Bay Buccaneers.

The typical American is as baffled by real estate as they are by the complex world of cryptocurrency, answering just two of five questions correctly.

“The real estate process can be complicated and confusing, but it doesn’t have to be,” said Amanda Pendleton, Zillow home trends expert. “By educating themselves on basic real estate fundamentals and hiring experts to help guide them through the process, buyers can avoid costly pitfalls and put themselves in a stronger competitive position. When it comes to picking the right home, real estate technology like interactive floor plans puts information closer to the average buyer’s fingertips than ever before, helping them move quickly and with confidence.”

Here are five tips to help buyers through their home-shopping journey:

  1. Understand what you can afford. Buyers should start with a mortgage calculator and Zillow’s affordability tools to understand what goes into a mortgage payment and what they can realistically afford on a monthly basis.
  2. See if you qualify for down payment assistance. Coming up with enough money for a down payment is a common barrier to homeownership. Aspiring buyers can see which down payment assistance programs may be available on every home listing on Zillow.
  3. Find an agent you trust. Zillow’s agent finder tool helps buyers find the best agent to fit their specific needs. Buyers can read reviews of top-rated real estate agents in their area and reach out to them directly through the tool.
  4. Get pre-approved for a mortgage — not just prequalified. It’s a more extensive financial check, but pre-approval will give the buyer — and the seller — more confidence in the buyer’s ability to finance the home. A new Zillow survey finds 86% of sellers prefer a buyer who has been pre-approved, as opposed to pre-qualified, for a mortgage. Buyers can start the pre-approval process online.
  5. Shop around for a lender. Zillow research indicates some home buyers can save tens of thousands of dollars over the length of their loan by shopping around for the best mortgage rate. Buyers can compare rates and fees for multiple lenders on Zillow’s online mortgage marketplace.

Home shoppers can visit the Zillow blog to take the full quiz and see how their real estate knowledge compares to the typical American.

About Zillow Group
Zillow Group, Inc. (NASDAQ: Z and ZG) is reimagining real estate to make it easier to unlock life’s next chapter. As the most visited real estate website in the United States, Zillow® and its affiliates offer customers an on-demand experience for selling, buying, renting or financing with transparency and ease.

Zillow Group’s affiliates and subsidiaries include Zillow®, Zillow Premier Agent®, Zillow Home Loans™, Zillow Closing Services™, Trulia®, Out East®, ShowingTime®, Bridge Interactive®, dotloop®, StreetEasy® and HotPads®. Zillow Home Loans, LLC is an Equal Housing Lender, NMLS #10287 (www.nmlsconsumeraccess.org).

SOURCE Zillow

Tags: Zillow
Share76Tweet47

Related Posts

Can you earn passive income running a Lightning node? By Cointelegraph

Can you earn passive income running a Lightning node? By Cointelegraph

by admin
June 27, 2022
0

Can you earn passive income running a Lightning node? Routing fees, channels being fraudulently closed, the exposure of nodes to...

Week in Insights: Taking the Next Big Steps After Graduation

Week in Insights: Taking the Next Big Steps After Graduation

by admin
June 26, 2022
0

Earlier this month, I watched my daughter cross the stage and get her high school diploma. It was a wonderful...

Vitalik Buterin Became a Citizen of Montenegro By DailyCoin

Can you earn passive income running a Lightning node? By Cointelegraph

by admin
June 26, 2022
0

Can you earn passive income running a Lightning node? Routing fees, channels being fraudulently closed, the exposure of nodes to...

Investors Concerned About SUSHI Lagging Behind Other Altcoins By CoinQuora

Investors Concerned About SUSHI Lagging Behind Other Altcoins By CoinQuora

by admin
June 25, 2022
0

© Reuters. Investors Concerned About SUSHI Lagging Behind Other Altcoins SUSHI has been in some deep waters ever since the...

Bear market no issue for Binance Labs’ DeFi incubation program By Cointelegraph

Chainalysis tips Australia will crack down on misleading crypto ads By Cointelegraph

by admin
June 25, 2022
0

Chainalysis tips Australia will crack down on misleading crypto ads Chainalysis head of international policy Caroline Malcolm expects Australia’s new...

Load More
  • Trending
  • Comments
  • Latest

Bitcoin Is ‘Definitely Not a Fraud,’ CEO of Mobile-Only Bank Revolut Says

March 2, 2022

Bitcoin’s Main Rival Ethereum Hits A Fresh Record High: $425.55

March 3, 2022
How online shopping has changed over the last 30 years | National

How online shopping has changed over the last 30 years | National

April 6, 2022

India: Bitcoin Prices Drop As Media Misinterprets Gov’s Regulation Speech

March 4, 2022

US Commodities Regulator Beefs Up Bitcoin Futures Review

0

Bitcoin Hits 2018 Low as Concerns Mount on Regulation, Viability

0

India: Bitcoin Prices Drop As Media Misinterprets Gov’s Regulation Speech

0

Bitcoin’s Main Rival Ethereum Hits A Fresh Record High: $425.55

0

What's The Best Crypto Long-Term Investment? – APN News

June 27, 2022
The crypto-themed restaurant that no longer accepts crypto

The crypto-themed restaurant that no longer accepts crypto

June 27, 2022
USA finance and payments live updates: mortgage rates, Bitcoin prices, S.S. disability, unemployment benefits. – AS USA

USA finance and payments live updates: mortgage rates, Bitcoin prices, S.S. disability, unemployment benefits. – AS USA

June 27, 2022
Can you earn passive income running a Lightning node? By Cointelegraph

Can you earn passive income running a Lightning node? By Cointelegraph

June 27, 2022

Latest News

What's The Best Crypto Long-Term Investment? – APN News

June 27, 2022
The crypto-themed restaurant that no longer accepts crypto

The crypto-themed restaurant that no longer accepts crypto

June 27, 2022

Categories

Site Navigation

  • Home
  • About us
  • Contact us
  • Privacy policy
  • Terms and services
  • Home
  • About us
  • Contact us
  • Privacy policy
  • Terms and services

© 2022 Designed by news4global

No Result
View All Result
  • Home
  • Bitcoin
  • Blockchain
  • Business
  • Latest news
  • Market
  • Regulation
  • Videos

© 2022 Designed by news4global