Bankruptcy Closing costs Debt-to-income ratio Inspection contingency 
HomeLight
JUNE 30, 2022
Lenders will also want to know if you’ve ever declared bankruptcy or owned a house that went into foreclosure. Be sure to also compare closing costs such as application fees, appraisal fees , and origination fees. A new trade line could alter your debt-to-income ratio and throw off the whole deal if you are not careful.
HomeLight
JULY 29, 2022
“One big thing that could delay closing is if, say, someone goes out two weeks before they close and they buy a car — or they buy all new furniture,” explains Pete Veres , a top-selling agent with 19 years of experience in Albuquerque, New Mexico. This can radically alter their debt-to-income ratio and jeopardize the whole deal.
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