The Aven Home Purchase Line Basics
- What is the difference between Aven’s Home Purchase Line and a traditional home purchase mortgage?
- What’s the advantage to getting Aven’s Home Purchase Line instead of a traditional purchase mortgage?
- How can I get a lower rate than the one offered?
- Are any of the closing costs financed?
- How is my monthly payment calculated?
- Are there any prepayment penalties if I pay off the loan early?
Preparing for Closing
Property Details, Appraisals & Inspections
- Will a full in-person appraisal be required, or do you use an automated valuation model (AVM)?
- Can I use an appraisal from a different lender?
- Can I bring my own appraisal?
- What happens if the home’s appraised value comes in lower or higher than my purchase price?
- What if the home has solar panels?
- What happens if the inspection reveals issues and I want the seller to pay for them?