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. A home appraisal provides the fair market value of a property and is typically required by your mortgage lender. The home appraisal is lower than the sale price.

Closing 63

Closing Title search Purchase and sale agreement Title 63

HomeLight

JULY 29, 2022

This can radically alter their debt-to-income ratio and jeopardize the whole deal. In a traditional market, buyers won’t want to close until the issue is resolved. We do all the due diligence upfront,” he says. In a traditional market, buyers won’t want to close until the issue is resolved,” Veres says.

Closing 104

Closing Purchase and sale agreement Title Home sale contingency 104