Realty Biz

MARCH 16, 2023

Your debt-to-income ratio, including mortgage payments, cannot normally be more than 43% of your monthly income If you have suffered bankruptcy, you will need to wait 2 years to apply, or 3 years with a foreclosure FHA vs. Conventional Loans Conventional loans don't have the government's backing and require higher credit scores to qualify.

FHA loan 89

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

Redfin

MARCH 3, 2022

Any changes in your debt-to-income ratio or credit score could cause issues with your loan application, which increases the chance of a delayed closing. Douglas Toland Jr of Performance Mortgage suggests that buyers avoid making any changes to their credit reports before the deal has gone through. How to remedy the situation.

Closing 62

Closing Title search Purchase and sale agreement Title 62

HomeLight

JULY 29, 2022

This can radically alter their debt-to-income ratio and jeopardize the whole deal. There are certain properties I would immediately order a title search before I do anything else: A foreclosure , a short sale , a bankruptcy, an estate sale,” Houck says. We do all the due diligence upfront,” he says.

Closing 104

Closing Purchase and sale agreement Title Home sale contingency 104