Housing Wire

MAY 25, 2022

In a housing market vastly different from the pre-pandemic period, how can industry professionals position themselves to achieve growth despite these current obstacles? When it comes to business growth this year and beyond, industry experts agree that 2022 is the year of the non-qualified mortgage (non-QM) loan.

Debt-to-income ratio 381

Debt-to-income ratio Lending Pre-qualification Loans 381

Realty Biz

SEPTEMBER 30, 2023

They can help you navigate the mortgage process and identify suitable options based on your financial situation and provide you with a pre-approval. Longer time to build equity: With a higher interest rate and potentially larger down payment, it may take longer for you to build equity in your home.

Finance 97

Finance Debt-to-income ratio FHA loan Mortgages 97

Marco Santarelli

OCTOBER 6, 2023

Some lenders may require higher scores, especially for borrowers with other risk factors, such as a high debt-to-income ratio or a short credit history. Buying a house with no money down is possible, but it requires a good credit score. To buy a house with no money down, you typically need a credit score of at least 620.

VA loan 52

VA loan FHA loan Pre-qualification Debt-to-income ratio 52

Redfin

JULY 11, 2023

Government-backed loans, such as FHA or VA loans, provide more flexible qualification criteria and specific benefits. Mortgage rates are influenced by various factors, such as the borrower’s credit score, loan-to-value ratio, loan term, and prevailing market conditions. What is a mortgage? How does a mortgage work?

Pre-approval 59

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

HomeLight

JULY 30, 2021

Can you really rent-to-own a house like you would a refrigerator? Is it a viable option for those buyers who might need a little extra time to save or build their credit? Just how does all of this work, and can it help you make your own dreams of homeownership come true? Let’s take a look at everything you need to know about rent-to-own homes.

Purchase and sale agreement 98

Purchase and sale agreement Debt-to-income ratio Pre-qualification Inspection 98

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. – Robert Cenzer | Redfin Agent Don’t jump in and start house hunting until you have been pre-approved by your local bank or lender.

Pre-approval 58

Pre-approval Agents Pre-qualification Debt-to-income ratio 58

HomeLight

DECEMBER 8, 2023

Discover the Innovative Way to Buy Your Next Home Before Selling Your Current Home Through our Buy Before You Sell program, HomeLight can help you unlock a portion of your equity upfront to put toward your next home. Think of it as a temporary loan that taps into the equity of your existing home.

Equity 96

Equity Loans Debt-to-income ratio Home sale contingency 96