Bankruptcy Debt-to-income ratio Inspection contingency Loan Officer 
HomeLight
JULY 29, 2022
This can radically alter their debt-to-income ratio and jeopardize the whole deal. If you can’t secure new employment swiftly, you might be able to add a cosigner to your loan and count that person’s income toward your purchase. Talk to your agent and loan officer about these options.
HomeLight
JUNE 30, 2022
Lenders will also want to know if you’ve ever declared bankruptcy or owned a house that went into foreclosure. Even in a competitive housing market, where buyers are waiving inspection contingencies , it’s always a good idea to get an inspection so you know what exactly is wrong with the house before you take ownership.
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