Bankruptcy Debt-to-income ratio Inspection contingency Loans 
HomeLight
JULY 29, 2022
When you’re buying a house, the list of what can go wrong at closing includes everything from issues with the mortgage loan and buyer’s credit, insurance snags, appraisal problems, title claims, and events beyond everyone’s control (such as natural disasters, or buyer or seller illness or death). Problem: You lost your job.
HomeLight
JUNE 30, 2022
Lenders will also want to know if you’ve ever declared bankruptcy or owned a house that went into foreclosure. When shopping for lenders, compare first-time home buyer programs , lender requirements, interest rates, and loan terms to make sure you are getting a good deal. Pay attention to the Loan Estimate and Closing Disclosure.
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