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what-is-a-dry-closing?-how-it-works,-risks,-and-state-rules

What Is a Dry Closing? How It Works, Risks, and State Rules

A dry closing is a closing where all documents are signed, but the transaction isn’t funded on the same day. The lender typically wires the funds the next business day, after completing final reviews. Until the money arrives, the buyer doesn’t legally take ownership and the seller doesn’t receive payment.  Dry closings are allowed in some states and prohibited in others. While they can prevent...

how-long-is-a-mortgage-preapproval-good-for?-timeline,-tips,-and-what-to-do-if-it-expires

How Long Is a Mortgage Preapproval Good For? Timeline, Tips, and What to Do If It Expires

If you’re planning to buy a home, getting preapproved for a mortgage is one of the most important early steps. But many buyers don’t realize these letters don’t last forever — and an expired preapproval can slow down your home search, whether you’re exploring a home for sale in San Diego, CA or eyeing a charming house in Seattle, WA. This Redfin article breaks down how long a mortgage preapproval...

lender-paid-mortgage-insurance-(lpmi):-what-it-is,-how-it-works-&-whether-it’s-worth-it

Lender-Paid Mortgage Insurance (LPMI): What It Is, How It Works & Whether It’s Worth It

If you’re planning to buy a home with less than 20% down—whether you’re browsing a house for sale in Seattle, WA or checking out a home in Austin, TX—you’ll likely encounter mortgage insurance in some form. Most buyers are familiar with borrower-paid mortgage insurance (BPMI), the monthly PMI you pay until you reach 20% equity. But there’s another option your lender may offer: Lender-Paid...

settlement-statement-vs-closing-disclosure:-what’s-the-difference?

Settlement Statement vs Closing Disclosure: What’s the Difference?

When you’re preparing to close on a home, you’ll receive several final documents outlining your loan terms, closing costs, and the exact amount each party must pay or receive. Two of the most important are the closing disclosure and the settlement statement (also called an ALTA settlement statement or, in older transactions, a HUD-1). Although the two forms often contain similar numbers, and those...

storage-for-small-spaces:-13-clever-solutions-for-apartments-and-tiny-homes

Storage for Small Spaces: 13 Clever Solutions for Apartments and Tiny Homes

Traditional self-storage can feel inconvenient and impersonal. When you’re already trying to maximize storage for small spaces, the process of buying supplies, packing everything yourself, and hauling boxes to a facility across town can be time-consuming and physically exhausting. In this Redfin guide, we’ve teamed up with Clutter to walk you through a better approach to storing your belongings and...

how-do-you-know-if-a-condo-is-fha-approved?

How Do You Know if a Condo Is FHA Approved?

If you’re planning to buy a condo with an FHA loan, one of the first steps is confirming whether the condo is FHA approved. FHA loans offer flexible credit requirements, competitive rates, and low down payments—but the condo project must meet specific FHA standards. Whether you’re exploring homes for sale in San Diego, CA, or browsing homes for sale in Chicago, IL, knowing how to verify FHA approval...