Marco Santarelli

NOVEMBER 19, 2024

An assumable mortgage is a way to take over the existing mortgage on a property instead of getting a brand-new loan. It allows you to take over the seller's existing mortgage instead of getting a brand-new one. This will involve a deep dive into your credit score, employment history, debt-to-income ratio, and any assets you hold.

Debt-to-income ratio 52

Debt-to-income ratio FHA loan Mortgages VA loan 52

HomeLight

JANUARY 31, 2022

Major purchases that require a new loan or taking out a new credit card can affect your credit history and increase your debt-to-income ratio, which could make getting a refinance loan more challenging later. All product names, logos, and brands are property of their respective owners.

Debt-to-income ratio 105

Debt-to-income ratio Inspection Loans Mortgages 105

HomeLight

JULY 14, 2021

The interest you pay for a 401(k) loan is usually much less than for a consumer loan, but buyers should keep in mind that it also adds another monthly payment, which can affect debt-to-income ratios when qualifying for a mortgage. All product names, logos, and brands are property of their respective owners.

Banks 105

Banks Debt-to-income ratio Loans FHA loan 105

HomeLight

SEPTEMBER 8, 2020

Even a brand new home is likely to have at least one issue in need of resolving. This can cause a change in your credit score or debt-to-income ratio, which can affect your mortgage approval. The inspector will inevitably find something wrong. No home is completely perfect. Some of them are preventable!

Inspection 98

Inspection Closing costs Debt-to-income ratio Title 98

Redfin

FEBRUARY 24, 2025

Interest rates: Mortgage interest rates, influenced by factors such as credit score, debt-to-income ratio, income, and down payment size, play a crucial role in the overall cost of purchasing a home. On the other hand, new construction offers modern layouts, energy-efficient appliances, and brand-new features.

Debt-to-income ratio 31

Debt-to-income ratio Construction Land Renovation 31

The Close

MAY 6, 2025

Reputation & customer reviews : We looked at each brands third-party reviews and prioritized loan options with many high ratings. On the other hand, personal loans often judge your eligibility by your income, credit score, and debt-to-income ratio. What type of loan is best for home improvements?

Loans 45

Loans Renovation Equity Finance 45

Real Trends

JULY 25, 2023

I do a lot with new construction and homeowners’ insurance is cheaper on new builds because they are brand new,” Williams said. According to Sandy Williams, an eXp Realty agent in Sarasota, homeowners’ insurance costs have doubled for many in her metro area ( flood insurance costs have also risen dramatically). “I

Marketing 92

Marketing Debt-to-income ratio Agents Construction 92

Marco Santarelli

AUGUST 8, 2024

Refinancing replaces your existing mortgage with a brand new one, and you can typically choose a new loan term, which could be another 30 years. Potentially qualify for a larger loan amount: A longer loan term may increase your debt-to-income ratio (DTI) eligibility, allowing you to borrow more money.

Mortgages 52

Mortgages Debt-to-income ratio Equity Loans 52

HomeLight

JUNE 27, 2022

You’re looking at new construction as an option for your new home and love the idea of buying a brand-new house that has never been lived in before. Keep in mind that each lender will have different qualification requirements, such as a minimum credit score , debt-to-income ratio, proof of income, and employment history.

New Construction 105

New Construction Construction Inspection Pre-approval 105

HomeLight

JUNE 13, 2022

Typically, lenders will want to see at least two years in the same career (and preferably at the same company), so if you’re embarking on a brand-new career path, it might be more difficult to qualify for a loan temporarily. You’re trying to pay off debt. You can lower your debt. Remember when we mentioned DTI earlier?

Purchase and sale agreement 116

Purchase and sale agreement Loans Inspection Closing costs 116