Housing Wire

NOVEMBER 7, 2023

And how should mortgage firms rethink tech strategy? Below I run down these hot topics and look forward to going deeper with fellow mortgage CEOs on a HousingWire webinar December 5. What’s next for the inflation fight and mortgage rates? Media headlines make borrowers nervous, but lenders make loans. for Q1, 6.6%

Debt-to-income ratio 410

Debt-to-income ratio Mortgages VA loan Loans 410

HomeLight

MAY 31, 2021

Before you even start looking, you’ll also need to find a mortgage lender who will determine how much house you can afford , make sure your credit is in good standing, and see what kind of loan programs will work best for you. How much mortgage do I qualify for? What type of home loans do you offer? Conventional.

Mortgages 58

Mortgages Debt-to-income ratio Loans Closing costs 58

Redfin

APRIL 7, 2023

Get pre-approved for a mortgage My advice to first-time homebuyers is to find a good loan officer and get pre-approved, fully underwritten approval is best. Work with that loan officer and their agent to understand what timeframes they’re comfortable with in an offer.

Pre-approval 59

Pre-approval Agents Pre-qualification Debt-to-income ratio 59

HomeLight

JUNE 22, 2023

All of these things are stressful and confusing, but you’d be surprised by how many people struggle with the mortgage process. And they need answers to their mortgage questions. As a first-time homebuyer, you’re likely among the 85% of buyers who will apply for a home mortgage instead of paying cash.

Debt-to-income ratio 84

Debt-to-income ratio Mortgages FHA loan Loans 84

HomeLight

SEPTEMBER 1, 2022

Student loan debt doesn’t make it impossible to live out your dream of homeownership; it just makes it a bit more difficult because of its impact on your debt-to-income ratio (DTI), credit score, and down payment savings. You build zero equity while you’re renting, and your payments are variable.

Debt-to-income ratio 78

Debt-to-income ratio Loans FHA loan Equity 78

HomeLight

JANUARY 27, 2021

But there’s so much to keep track of along the way: hiring an agent, getting a mortgage, making offers, and closing the deal. Getting a mortgage can be a stressful and frustrating process. Here are a few tips to get ahead of the game and mortgage like a champ! Paying mortgage insurance isn’t that big a deal. Don’t let it!

Closing costs 117

Closing costs Loans Inspection Earnest money deposit 117

HomeLight

OCTOBER 11, 2021

Borrowing limits for FHA loans aren’t the same across the country; they’re based on your county. This allows buyers who live in more expensive housing markets to still get a mortgage on a house. For most counties in the United States, the FHA loan limit is $356,362, but in more expensive areas, the limit can go as high as $822,375.

FHA loan 78

FHA loan Loans Debt-to-income ratio Closing costs 78

The Close

DECEMBER 29, 2022

Furthermore, in today’s market, understanding our complex mortgage industry could actually help you close more deals and maybe even save clients money. So we’ve included a handy download with questions your clients should ask their mortgage broker. Adjustable-rate mortgage (ARM). Assumable mortgage. Acceleration clause.

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Purchase and sale agreement Title Proof of funds Pre-approval 98

Housing Wire

MAY 2, 2023

In a letter to President Joe Biden and FHFA Director Sandra Thompson , the fiscal officers said the new policy will force homebuyers with good credit to pay more on their mortgage every month. The FHFA—led by a President Biden appointed director—is punishing financially responsible mortgage borrowers,” Biggs said in a statement.

Debt-to-income ratio 410

Debt-to-income ratio Loan Officer FHA loan Loans 410