Rochester Real Estate

NOVEMBER 5, 2015

For example, if you use a bank for your loan you may already have a pre-existing relationship with them and they sometimes offer very competitive interest rates. Have you tried calling a bank on a Saturday night to get a pre-approval letter? If you have filed a Chapter 7 bankruptcy, the wait is only 2 years.

Finance 52

Finance Mortgages VA loan Pre-approval 52

Realty Biz

SEPTEMBER 30, 2023

They can help you navigate the mortgage process and identify suitable options based on your financial situation and provide you with a pre-approval. Tougher loan approval: Lenders may be hesitant to approve a mortgage application from someone with a low credit score.

Finance 96

Finance Debt-to-income ratio FHA loan Mortgages 96

Marco Santarelli

SEPTEMBER 30, 2023

Get pre-approved for a mortgage before you start shopping for a home. Factors Affecting FHA Loan Eligibility Besides the credit score, the FHA also considers the borrower's payment history and any previous bankruptcies or foreclosures. This will give you an idea of how much you can borrow and what your monthly payments will be.

FHA loan 105

FHA loan Mortgages Debt-to-income ratio Loans 105

HomeLight

JULY 31, 2020

Loan approval. Interest rates can spike unexpectedly which can affect qualification if the loan is not locked, or the buyer’s credit score or income can change, causing the underwriter to reject the loan. It can take weeks to months for the lender to approve a short sale. Image Source: (Shutterstock.com/Chokniti Khongchum).

Closing 119

Closing Purchase and sale agreement Title search Earnest money deposit 119

Housing Wire

MAY 7, 2025

King says he worries that borrowers could spiral into debt, which could result in bankruptcy. Weve also seen a slowdown in pre-approvals for new mortgages as lenders are recalculating DTI ratios with student loans back on the books.

Loans 266

Loans Mortgages Debt-to-income ratio Marketing 266