Point2Homes

OCTOBER 6, 2020

So, while cash may be king with home sellers and their real estate agents, the same is not true with financial institutions. Therefore, when purchasing a home — especially for the first time — buyers should have a strong grasp of how lenders treat deposits. Verifying Cash Deposits. Simplified Cash Deposits.

Debt-to-income ratio 144

Debt-to-income ratio Earnest money deposit Loans Loan Officer 144

The Residential Specialist

AUGUST 31, 2023

No matter what the reason, agents must be prepared to help sellers make the best financial decisions and practical arrangements for all parties involved. Now, I can tell you that other agents do not like this, but it works beautifully when someone can’t move twice.” So, the first thing is finding out your client’s motivation.”

Earnest money deposit 98

Earnest money deposit Debt-to-income ratio New Construction Equity 98

HomeLight

AUGUST 29, 2022

Another plus is that Texas doesn’t have state income tax, according to Rach Potter, who sells homes 44% quicker than the average agent in Dallas, Texas. You can also ask family, friends, your buyer’s agent, and attorneys for mortgage lender recommendations. It shows the amount of debt you have in comparison to your income.

Earnest money deposit 93

Earnest money deposit Title Inspection Title search 93

Realty Biz

MARCH 9, 2021

If a parent or parents currently have a home mortgage and other debt, it would seem a bit of financial stress to take on a 2 nd mortgage on a separate mortgage. For the Family Opportunity Loan, the guidelines state that the debt to income ratio can be as high as 50%. Should you hire a real estate agent?

Pre-approval 144

Pre-approval Earnest money deposit Debt-to-income ratio Loans 144

Redfin

AUGUST 3, 2022

Here are the steps to determine how much house you can afford: First, determine your debt to income ratio (DTI). This is your monthly expenses versus your cash intake or the bills you pay divided by your gross monthly income. Debts include recurring bills, such as car payments, daycare payments, and student loans.

Pre-approval 76

Pre-approval Purchase and sale agreement Title Debt-to-income ratio 76

Redfin

MAY 5, 2023

Connect with a local agent in Texas Working with a local Texan real estate agent is a must when buying a house in Texas. Texas is a large state with diverse housing markets, and local agents have extensive knowledge about their specific area’s real estate market, trends, and neighborhood information.

Purchase and sale agreement 66

Purchase and sale agreement Pre-approval Seller disclosure Earnest money deposit 66

HomeLight

JUNE 30, 2022

We asked our top agents for their best advice for first-time buyers and we’re going to delve into the top dos and don’ts when buying a home; some may be odd, others may be more obvious, and several you may have never considered. Transaction details: the purchase agreement and a copy of your earnest money deposit.

Purchase and sale agreement 74

Purchase and sale agreement Inspection Earnest money deposit Closing costs 74