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 437

Pre-qualification Debt-to-income ratio Pre-approval Loan Officer 437

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. How much down payment you have will affect how much they feel comfortable lending you. But it isn’t quite that simple.

Pre-approval 96

Pre-approval Debt-to-income ratio Pre-qualification Mortgages 96

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. Home buyers with higher credit scores will get more favorable terms from lending institutions. Let's dig in.

Debt-to-income ratio 88

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

HomeLight

OCTOBER 27, 2020

The first reason is privacy — you might not want your lending company to have access to all of your financial details, for example. 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.”.

Debt-to-income ratio 103

Debt-to-income ratio Pre-approval Pre-qualification Loans 103

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?

Pre-approval 59

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

Redfin

APRIL 7, 2023

Get pre-approved for a mortgage My advice to first-time homebuyers is to find a good loan officer and get pre-approved, fully underwritten approval is best. – Robert Cenzer | Redfin Agent Don’t jump in and start house hunting until you have been pre-approved by your local bank or lender.

Pre-approval 59

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

The Close

DECEMBER 29, 2022

This is when a homeowner turns a deed over to the mortgaging bank to avoid going into foreclosure. This allows the borrower to avoid personal liability for the remaining unpaid debt. Debt-to-income ratio (DTI). This is the amount of a property that a person (not the bank) actually owns. Related Article.

Purchase and sale agreement 97

Purchase and sale agreement Title Proof of funds Pre-approval 97