Housing Wire

MARCH 30, 2021

At HousingWire’s 2021 Annual Spring Summit, CreditXpert VP of Sales and Client Success Matt Hydrew and T odd Worthington , director of qualification support at Bank of England, discussed top-of-the-funnel strategies lenders can use to help borrowers gain a better understanding of their credit score. Or, give up looking altogether.

Pre-qualification 432

Pre-qualification Debt-to-income ratio Pre-approval Loan Officer 432

Realtor.com

NOVEMBER 11, 2022

“Talk to your bank or a reputable mortgage company to see what you qualify to purchase,” explains Rosanne Nitti , a Realtor® with RMN Investments & Realty Services, in Laguna Beach, CA. Step 2: Qualify for a home loan or loan pre-approval.

Pre-approval 131

Pre-approval Pre-qualification Debt-to-income ratio Loan Officer 131

Realty Biz

DECEMBER 12, 2022

A mortgage is a loan that you take out from a bank or other financial institution to buy, build or substantially improve on a property. Mortgage Pre-Approval and Pre-Qualification Are Not The Same. You should avoid opening any new credit accounts until after you have closed on your home. Let's dig in.

Debt-to-income ratio 88

Debt-to-income ratio Mortgages Pre-approval Pre-qualification 88

Windemere Buying

JUNE 7, 2021

Getting pre-approved is a great first step for buyers, but there can be a number of hurdles in the process. Pre-approval is broken down into two steps: pre-qualification and pre-approval. Image Source: Getty Images 5 Mistakes to Avoid After Pre-Approval Being pre-approved doesn’t mean buyers are all set.

Pre-approval 52

Pre-approval Debt-to-income ratio Pre-qualification Loans 52

Lighter Side of Real Estate

JANUARY 24, 2024

Unless you come into a windfall of money, most people need to get a mortgage in order to buy a home, so getting a mortgage pre-approval to find out how much a lender will allow you to spend is the first step. Lenders will look at your credit history much more closely. How much other debt you have to pay each month.

Pre-approval 95

Pre-approval Debt-to-income ratio Pre-qualification Mortgages 95

Redfin

JULY 11, 2023

Government-backed loans, such as FHA or VA loans, provide more flexible qualification criteria and specific benefits. These may include proof of income, bank statements, employment verification, credit history, and debt information. How does the mortgage pre-approval process work? What are closing costs?

Pre-approval 59

Pre-approval Mortgages Pre-qualification Debt-to-income ratio 59

HomeLight

OCTOBER 27, 2020

They are specialty loans,” explains Sanchez, “where, if you are a self-employed individual and we as a lender can see income via bank statements [instead of with tax returns], you may be able to qualify.”. The bigger your down payment — and the more money you have in the bank overall — the better chance you’ll have at getting a loan.

Debt-to-income ratio 102

Debt-to-income ratio Pre-approval Pre-qualification Loans 102