Aurora Investment: Better Overview

...and yet, so broken. Consumers deal with repetitive data requests, high fees, and a lack of certainty Illustrative Breakdown of Typical Intermediaries & Fees • • Buyers interact with up to 10 intermediaries that can account for up to 10% of a home's price 1 The underwriting process can take up to 45 days² Mortgage documents can reach over • 500 pages³ The home buyer's 1st point of contact has historically been the real estate agent. 8 Home Buyer Home buyer wants to purchase a $350K dream house Real Estate Real estate commission 6% of house value $21K ос ........ Condo certification $350 $300 Subordination fee ....... The mortgage underwrites and pays for ...... оо it all M Loan officer commission 1.25% of mortgage, $4,250 Home survey $300 8 Attorney fee $300 8 Renovation fee $600 Home inspection $600 Home insurance $1,100 yearly Home appraisal $500 Title insurance $1,350 Credit report $100 Flood insurance $1,000 yearly 1 Realtor.com - "How Much Are Mortgage Fees?" 2. Realtor.com - "How Long Does It Take to Get a Mortgage?" 3 CNN Money - "500-page Mortgage Applications are the New Normal" Trulia "Sale Fail." Better 15

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