RALPH’S PRESS

Getting A Personal Loan for Home Mortgage Closing Costs

Budgeting for closing costs

“It’s very common for refinancers and buyers – particularly first-time purchasers – to need assistance in paying for closing costs,” according to Ralph DiBugnara, president of New York City-headquartered Home Qualified, a digital resource for buyers, sellers, and Realtors.

2022 fall housing market predictions

Ralph DiBugnara, president of Home Qualified, echoes those thoughts. “This is not a housing bubble,” he says. “Yes, there has been a huge demand, but banking regulations post-market-crash are much more restrictive, and have stayed that way. So today’s buyers are more qualified to purchase and sustain their investment, which means fewer foreclosures. Also, the supply of homes for sale could take years to get to normal levels. So even if there is a selloff, it won’t be a fire sale at discount prices.”

Understanding escrow: How it works in homebuying

“Once an offer is made and accepted, the contract will stipulate when the escrow deposit is due,” said Ralph DiBugnara, president of Home Qualified, a real estate resource and web series. “In most cases, the deposit is split into two parts — first an initial,...

Homebuying Tips for Every Stage of Life

For many people, buying a home is the biggest purchase they’ll ever make because it is both a financial and an emotional decision, said Kevin Bazazzadeh, real estate investor and founder of Brilliant Day Homes. Different ages and stages of life may bring different...

How to Shop for a Low Mortgage Rate

Good news, house hunters: Home prices have started to cool. Prices are still rising, but annual home price appreciation slowed from April to June, with June marking the strongest single-month deceleration in home price growth ever, according to Black Knight, a...

What are net proceeds?

When listing a home on the market, the amount of money you’ll ultimately pocket from the sale is often top of mind. The money a home seller keeps after all fees, commissions, closing costs and other expenses have been paid is referred to as net proceeds. READ MORE

Latest mortgage news: 30-year rate at four-week low

The average rate on 30-year mortgages slipped to 5.55 percent this week, down from 5.59 percent the previous week and hitting a four-week low, according to Bankrate’s national survey of large lenders. READ MORE

How to get a home equity loan with bad credit

To get a home equity loan with bad credit, you’ll likely have to have a low debt-to-income ratio (DTI), a high income and at least 15 percent equity in your home. Having poor credit means you might face a tougher time borrowing money, but it’s not impossible to...