Housing Wire

NOVEMBER 10, 2020

“I told my client, my friends, ‘Look, I know you’re supposed to close in 10 days but we’re closing Friday and you let everybody know it or you may not close,’” Dodson said. “And damn if we didn’t close Friday and they shut it down Monday.” That’s when we get ‘em.

Debt-to-income ratio 423

Debt-to-income ratio Loans Banks Mortgages 423

Realty Biz

AUGUST 20, 2023

It's essential to gather the necessary documentation, such as bank statements and pay stubs, to support your application. Pre-approval requires you to submit documentation such as bank statements, pay stubs, and a comprehensive credit history review, resulting in a more accurate assessment of your borrowing capacity.

Pre-approval 93

Pre-approval Debt-to-income ratio Mortgages Loans 93

Rent, Buy & Sell

FEBRUARY 7, 2021

Bad credit is usually the result of late bill payments, bankruptcy, foreclosure and loan defaults. FHA loans can also be obtained by people who have a bankruptcy or foreclosure on their record. Instead, they guarantee the loan by approving and insuring banks and lending institutions. There are some drawback to VA loans.

Loans 98

Loans VA loan FHA loan Hard money loan 98

HomeLight

JULY 29, 2022

Closing on a house is a thrilling time for buyers : Once you’ve found the one and have an accepted offer, you’re ready to grab the keys and make it your own. But closing time can also be plenty to rack your nerves. What can go wrong on the buyer’s side at closing. Problem: There’s an issue with the Closing Disclosure.

Closing 102

Closing Purchase and sale agreement Title Home sale contingency 102

Realty Biz

MARCH 16, 2023

This premium is paid at closing. The amount you will pay depends on the loan term you choose, either 15 or 30 years, the loan-to-value ratio, and the loan amount. The FHA limits the amount lenders can charge in closing costs, which can be paid by sellers or added to the loan amount. Will You Qualify for an FHA Home Loan?

FHA loan 89

FHA loan Loans Debt-to-income ratio Due diligence 89

HomeLight

AUGUST 16, 2021

You’ll sign your loan application for the final time at closing. They will also consider your current and previous debts that resulted in foreclosures or bankruptcies. Bank statements. To calculate your debt-to-income ratio or DTI, lenders will look at your recurring debts relative to your monthly income.

Loans 103

Loans Mortgages Bankruptcy Purchase and sale agreement 103

Redfin

MARCH 3, 2022

Once your offer has been accepted, the excitement kicks in, and the countdown to closing begins. But before you can get your keys, you’ll want to be cautious of any roadblocks or setbacks that could cause a delayed closing and postpone your move-in date. So how can you avoid a delayed closing? What does delayed closing mean?

Closing 63

Closing Title search Purchase and sale agreement Title 63