Housing Wire

NOVEMBER 10, 2020

His corner of the Atlanta mortgage market – high-value home loans that wouldn’t be bought by the GSEs – was booming. At that point, Dodson was actively working on a jumbo loan for friends of his from church. And whether you do it or someone else does it, that loan is going to get done.” So you stop.”.

Debt-to-income ratio 424

Debt-to-income ratio Loans Banks Mortgages 424

Realty Biz

SEPTEMBER 30, 2023

Mortgages with Low Credit Scores Mortgages with low credit scores can appear challenging, but there are options available. Understanding how a low credit score affects your mortgage and exploring government-backed programs can help you navigate the process. Can you buy a house with bad credit?

Finance 97

Finance Debt-to-income ratio FHA loan Mortgages 97

Realty Biz

JANUARY 20, 2023

Mortgage rates are twice as high as a year ago. If you're thinking of buying a home, getting the best possible mortgage rate is critical. Underwriting is a key part of the mortgage process. It determines whether your home loan application gets approved. It affects your mortgage rate.

Title search 78

Title search Debt-to-income ratio Title Loans 78

Redfin

MARCH 3, 2022

It’s recommended to get pre-approved before house hunting to give yourself a realistic idea of how much home you can afford ; however, a mortgage pre-approval doesn’t guarantee that your loan application will be approved. By far, one of the biggest nightmares is that the mortgage falls through on the closing day.

Closing 62

Closing Title search Purchase and sale agreement Title 62

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.

Closing 104

Closing Purchase and sale agreement Title Home sale contingency 104

HomeLight

JUNE 30, 2022

You will want to know where you stand so you can get ahead of any potential issues and create a plan for improvement before applying for a mortgage. For example, it may be worth strategically paying down some of your debt or disputing any errors on your credit report before purchasing a home. Line up financing.

Purchase and sale agreement 73

Purchase and sale agreement Inspection Earnest money deposit Closing costs 73