Realty Biz

AUGUST 20, 2023

It involves assessing your credit score, managing your debt-to-income ratio, gathering the necessary financial information and documents, and reviewing and improving your credit history. Managing Debt-to-Income Ratio Another crucial factor that lenders consider during the pre-approval process is your debt-to-income ratio (DTI).

Pre-approval 94

Pre-approval Debt-to-income ratio Mortgages Loans 94

Rochester Real Estate

NOVEMBER 5, 2015

Did you know if you file a Chapter 13 bankruptcy, you can immediately apply for an FHA loan? If you have filed a Chapter 7 bankruptcy, the wait is only 2 years. This fantastic article has detailed some nuances that aren’t as talked about such as second tier entitlement, residual income, and purchasing a multifamily.

Finance 52

Finance Mortgages VA loan Pre-approval 52

Rochester Real Estate

NOVEMBER 5, 2015

They include information about credit accounts, payment history, outstanding debts, and any public records related to financial matters, such as bankruptcies or liens. Joint borrowers must have a stable employment history and sufficient income to meet the lender’s requirements.

Debt-to-income ratio 52

Debt-to-income ratio Loans Mortgages Title 52

HomeLight

JUNE 30, 2022

Lenders will also want to know if you’ve ever declared bankruptcy or owned a house that went into foreclosure. Once you choose a lender and start the preapproval process , your lender will request documentation for all of your debts (liabilities), income, and assets to get your full financial picture.

Purchase and sale agreement 96

Purchase and sale agreement Inspection Earnest money deposit Closing costs 96

The Close

JUNE 22, 2023

Motivated Sellers The motivated seller category is the submarket where you will find homeowners who are facing financial distresses like bankruptcy, foreclosure, and job loss or relocation. They also excluded rental income as a way to offset debt-to-income ratios.

Investor 116

Investor Debt-to-income ratio New Construction Construction 116

Housing Wire

MAY 7, 2025

King says he worries that borrowers could spiral into debt, which could result in bankruptcy. But, we will see student loan payments shift on consumers hierarchy of payments, meaning that they might start to prioritize those payments over, say, an auto loan payment or a mortgage payment.

Loans 266

Loans Mortgages Debt-to-income ratio Marketing 266