Point2Homes

DECEMBER 7, 2020

Start by writing down all of your income and expenditures for the month, and remember to include discretionary spending, like entertainment or purchases. Lenders will normally look at your debt-to-income ratio to determine whether you qualify for a loan. Image: Andy Dean Photography / Shutterstock.com.

Debt-to-income ratio 118

Debt-to-income ratio Pre-approval Inspection Inspection contingency 118

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. Whether you grew up in Texas, are relocating for work, or always dreamed of living in this affable state, it’s a great place to buy a house. It’s all about the down payment.

Earnest money deposit 93

Earnest money deposit Title Inspection Title search 93

HomeLight

JULY 29, 2022

When you’re buying a house, the list of what can go wrong at closing includes everything from issues with the mortgage loan and buyer’s credit, insurance snags, appraisal problems, title claims, and events beyond everyone’s control (such as natural disasters, or buyer or seller illness or death). Problem: You lost your job.

Closing 103

Closing Purchase and sale agreement Title Home sale contingency 103