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UWM is bullish on the resurgent private-label market

Housing Wire

Pontiac, Michigan-based United Wholesale Mortgage (UWM) capitalized on a booming private-label market in 2021 by sponsoring its inaugural securities transaction this past May, a prime jumbo deal involving 508 mortgages with an aggregate principal balance of $351.9 to 72% across the three deals in a market with fast-rising home prices.

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Should You Refinance or Sell Your Home?

Windemere Selling

Each route has its respective advantages depending on your financial health, the mortgage rate market , and the future needs of your household. Cash-out refinancing” allows you to accept a mortgage for more than your principal balance and use the extra money at your discretion. Assess your financial health and equity before you apply.

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8 Common Misconceptions That First-Time Home Buyers Have

Realty Biz

Money spent on a mortgage each month is building equity in something you’ll eventually own, and is a foundational means to growing wealth. PMI can be removed once the homeowner has paid down enough of the loan’s principal. Student Loan Debt Must Be Paid off. Your Credit Score Must Be Excellent.

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Mastering Mortgage Basics: 10 Key Concepts Every Homebuyer Should Know

Redfin

You then make monthly payments, including principal and interest, over an agreed-upon term (usually 15 to 30 years) until the loan is fully repaid. Mortgage rates are influenced by various factors, such as the borrower’s credit score, loan-to-value ratio, loan term, and prevailing market conditions.

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How To Create Wealth Investing In Real Estate

Lab Coat Agents

Overall, it means that you invest in real estate either through equity (owning the property) or debt (borrowing money) (loaning the funds to buy the property). You can still borrow the rest if you have good credit and a low debt-to-income ratio, allowing you to leverage your investment far more than any other.

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15 Mortgage Questions to Ask Lenders Before Buying a House

HomeLight

Save thousands when buying a home HomeLight recommended real estate agents are top-tier negotiators who understand the market data that helps you save as much as possible when buying your dream home. Debt-to-income ratio After looking at how much money is flowing into your household, you’ll want to write down your monthly debts.

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Looking for a Mortgage Lender? Here Are 19 Questions to Ask Them Before You Commit

HomeLight

One of the first things you’ll want to know is just how much house you can afford , which is based on your income, credit score, debt-to-income ratio (DTI), and savings amount (including your down payment). I had some clients a few years ago that had trouble qualifying because they had a lot of debt.