HomeLight

OCTOBER 25, 2023

If you are relying on the equity in your current home to make a down payment on the new one, it may seem the only way the puzzle fits together is to sell, move out, and find a third location to live while you shop for the new house. Your lender’s evaluation may involve crunching some numbers around your debt-to-income ratio (DTI).

Equity 98

Equity Loans Debt-to-income ratio Closing costs 98

HomeLight

DECEMBER 15, 2023

With rising prices in a market where homes are in high demand, timing your sale and purchase can be particularly challenging. Discover the Innovative Way to Buy Your Next Home Before Selling Your Current Home Through our Buy Before You Sell program, HomeLight can help you unlock a portion of your equity upfront to put toward your next home.

Equity 92

Equity Loans Debt-to-income ratio Home sale contingency 92

HomeLight

DECEMBER 13, 2023

This can be especially tough as the San Diego market is plagued by notoriously low inventory and high prices. This allows you to utilize the equity from your existing property and streamline the transition into your new home without needing temporary housing. One important thing to consider is your debt-to-income ratio (DTI).

Equity 106

Equity Loans Debt-to-income ratio Home sale contingency 106

HomeLight

DECEMBER 14, 2023

This can be a vital tool in a market like San Francisco, where every minute counts. Discover the Innovative Way to Buy Your Next Home Before Selling Your Current Home Through our Buy Before You Sell program, HomeLight can help you unlock a portion of your equity upfront to put toward your next home.

Equity 98

Equity Loans Debt-to-income ratio Home sale contingency 98

HomeLight

NOVEMBER 30, 2023

This becomes particularly challenging in a market where homes are scarce, and prices are high. Discover the Innovative Way to Buy Your Next Home Before Selling Your Current Home Through our Buy Before You Sell program, HomeLight can help you unlock a portion of your equity upfront to put toward your next home.

Equity 102

Equity Loans Debt-to-income ratio Home sale contingency 102

HomeLight

DECEMBER 7, 2023

Finding the perfect balance between selling and buying can be tough in a market where inventory is low and prices are high. Bridge loans allow you to purchase a new home before selling your current residence, alleviating pressure and uncertainty while unlocking the equity in your current home. Are you a homeowner in Washington, D.C.,

Equity 101

Equity Loans Home sale contingency Debt-to-income ratio 101

HomeLight

NOVEMBER 7, 2023

The balance of timing and funds becomes even more precarious when faced with a competitive housing market where inventory is scarce and prices seem to keep climbing. In simple terms, it’s a short-term loan that uses the equity in your existing home to help finance the new purchase. A bridge loan offers you a way to move forward.

Equity 98

Equity Loans Debt-to-income ratio Home sale contingency 98

HomeLight

JANUARY 30, 2024

Navigating the real estate market in Denver can feel like a high-wire act, especially when juggling selling your current home with purchasing a new one. This balancing act becomes even more challenging in a market with low inventory and high prices. This can be a game-changer in fast-paced markets like Denver.

Equity 93

Equity Loans Debt-to-income ratio Home sale contingency 93

HomeLight

NOVEMBER 30, 2023

Buying and selling homes in Maine often involves a tricky balance of timing and funds, especially in a market with low inventory and high prices. Think of it as a short-term loan that taps into the equity of your current home, providing you with the necessary funds to make a down payment and cover closing costs on your new property.

Equity 99

Equity Loans Debt-to-income ratio Home sale contingency 99

HomeLight

DECEMBER 4, 2023

In a market where inventory is low and prices are high, synchronizing the sale of your current home with purchasing a new one adds an extra layer of complexity. This type of loan leverages the equity in your existing home, providing you with the necessary funds to make a down payment and handle closing costs on your new property.

Equity 99

Equity Loans Debt-to-income ratio Home sale contingency 99

HomeLight

NOVEMBER 29, 2023

In a market where inventory is limited, and prices are high, syncing the timing and finances of both transactions becomes a significant challenge. This type of loan leverages the equity in your existing home, providing you with the necessary funds to make a down payment and cover closing costs on your new property.

Equity 104

Equity Loans Debt-to-income ratio Home sale contingency 104

HomeLight

NOVEMBER 30, 2023

Selling your old home and buying a new one in New Jersey often involves a tricky balance of timing and funds, especially in a market with low inventory and high prices. The key here is leveraging the equity in your existing home. This equity provides the necessary funds to pay down and cover closing costs for your new home.

Equity 101

Equity Loans Debt-to-income ratio Home sale contingency 101

HomeLight

NOVEMBER 30, 2023

In a market where inventory is limited, and prices are high, syncing the timing and finances of both transactions becomes a significant challenge. This type of loan leverages the equity in your existing home, providing you with the necessary funds to make a down payment and cover closing costs on your new property.

Equity 94

Equity Loans Debt-to-income ratio Home sale contingency 94

HomeLight

NOVEMBER 29, 2023

Navigating the real estate market in Hawaii can often feel like a high-stakes balancing act, especially when you’re trying to sell your old home while buying a new one. This challenge becomes even more daunting in a market where inventory is scarce, and prices are soaring. This is where a bridge loan comes into play.

Equity 91

Equity Loans Debt-to-income ratio Home sale contingency 91

HomeLight

NOVEMBER 29, 2023

In a market with limited inventory and high prices, aligning the timing and finances for both transactions becomes a significant challenge. This type of loan leverages the equity in your existing home, providing you with the necessary funds to make a down payment and handle closing costs on your new property.

Equity 90

Equity Loans Debt-to-income ratio Home sale contingency 90

HomeLight

NOVEMBER 17, 2023

The balancing act becomes even more intricate when faced with low inventory and high prices in today’s real estate market. Discover the Innovative Way to Buy Your Next Home Before Selling Your Current Home Through our Buy Before You Sell program, HomeLight can help you unlock a portion of your equity upfront to put toward your next home.

Equity 92

Equity Loans Debt-to-income ratio Home sale contingency 92

HomeLight

NOVEMBER 29, 2023

Navigating the real estate market in Idaho can often feel like a high-stakes balancing act, especially when you’re caught between selling your old home and securing your new dream house. This challenge becomes even more daunting in a market where inventory is scarce and prices are soaring.

Equity 88

Equity Loans Home sale contingency Debt-to-income ratio 88

HomeLight

NOVEMBER 29, 2023

This balancing act becomes even more challenging in a market with low inventory and high prices. Discover the Innovative Way to Buy Your Next Home Before Selling Your Current Home Through our Buy Before You Sell program, HomeLight can help you unlock a portion of your equity upfront to put toward your next home.

Equity 87

Equity Loans Debt-to-income ratio Home sale contingency 87

HomeLight

NOVEMBER 29, 2023

Balancing the sale of your old home with purchasing a new one in Washington state can be tricky, especially in a market where homes are scarce and prices are high. It taps into your existing home’s equity , providing you with the necessary funds for a down payment and covering closing costs on your new property.

Equity 92

Equity Loans Debt-to-income ratio Home sale contingency 92

Realty Biz

OCTOBER 25, 2021

You must also have enough liquid capital leftover in order to cover all of your closing costs. Processing and administrative fees, closing agent fees, and credit report fees are just some of the expenses that you will need to cover before you receive your keys to the home. What are the benefits of mortgage refinancing?

Debt-to-income ratio 116

Debt-to-income ratio Mortgages Closing costs Equity 116

HomeLight

FEBRUARY 26, 2024

Today, in some parts of the country, home prices have made it almost a necessary reality for those who need to live in high-cost housing markets. We’ll also share expert insights and interesting facts about million-dollar home markets in the U.S. But how do people afford million-dollar homes? How Much Is Your Home Worth Now?

Purchase and sale agreement 98

Purchase and sale agreement Debt-to-income ratio Equity Loans 98

Realtor.com

FEBRUARY 11, 2021

One of the major benefits of being a homeowner is building equity with each mortgage payment, instead of putting money into your landlord’s pocket. But that doesn’t mean buying is always the best choice—as a renter, you enjoy more flexibility and avoid many of the costs that come with homeownership. Can you afford the closing costs?

Closing costs 145

Closing costs Debt-to-income ratio Inspection Closing 145

Realty Biz

NOVEMBER 22, 2022

Buying a home is a huge accomplishment but in today’s market, you don’t always get the home that you dreamed of. After you build some equity in your home, refinancing to make home improvements can be a good strategy to both improve the quality of your home life and increase the value of your home. What is a Cash-Out Refinance?

Debt-to-income ratio 99

Debt-to-income ratio Equity Loans Mortgages 99

Point2Homes

NOVEMBER 3, 2020

Or perhaps you need to cash in on your home equity to cover your financial needs. Can you afford the costs? Most lenders will require an appraisal before you refinance your mortgage, and that’s just the first cost to consider. The LTV ratio will also determine how much money you can make from a cash-out refinancing loan.

Debt-to-income ratio 97

Debt-to-income ratio Mortgages Equity Closing costs 97

Realty Biz

MARCH 15, 2023

With changes in the housing market, you might question whether it is a good time to buy a house. What happens in the housing market is important, but your financial situation and whether you are ready to buy a home should be more influential in your decision. Don't assume the national headlines apply to your local market.

Debt-to-income ratio 118

Debt-to-income ratio Fixed-rate mortgage Mortgages Loans 118

Marco Santarelli

OCTOBER 6, 2023

Some lenders may require higher scores, especially for borrowers with other risk factors, such as a high debt-to-income ratio or a short credit history. The lender covers the full cost of the property, making homeownership more accessible. It's important to note that these are just minimum credit scores. Key Features: 1.

VA loan 52

VA loan FHA loan Pre-qualification Debt-to-income ratio 52

Realty Biz

JUNE 15, 2022

Money spent on a mortgage each month is building equity in something you’ll eventually own, and is a foundational means to growing wealth. Student Loan Debt Must Be Paid off. Mortgage lenders look at your debt-to-income ratio (DTI) to assess how much outstanding debt you owe compared to how much income you have.

Debt-to-income ratio 98

Debt-to-income ratio VA loan Fixed-rate mortgage Loans 98

Marco Santarelli

APRIL 28, 2023

This change would add an upfront fee for borrowers with a debt-to-income ratio (DTI) above 40%. The new rules could lead to higher closing costs for buyers with higher credit scores, but they will still get a better deal than those with lower scores.

Mortgages 98

Mortgages Debt-to-income ratio Loans Finance 98

Redfin

JULY 11, 2023

Mortgage rates are influenced by various factors, such as the borrower’s credit score, loan-to-value ratio, loan term, and prevailing market conditions. Additionally, the loan-to-value ratio and loan term can impact the interest rate offered. Once the borrower’s equity reaches 20%, PMI can be canceled.

Pre-approval 59

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

HomeLight

JULY 30, 2021

If the owner is looking to put the property on the market at some point and has a tenant in place who wants to buy, they might consider a rent-to-own.”. Additionally, a certain amount of the monthly rent is also typically stipulated to help cover the buyer’s closing costs or down payment. How do rent-to-own contracts work?

Purchase and sale agreement 98

Purchase and sale agreement Debt-to-income ratio Pre-qualification Inspection 98

Housing Wire

MARCH 14, 2023

million net new Hispanic homeowner households had been added to the market, accounting for 24.4% Latinos tend to be concentrated in larger cities and coastal markets where home prices are high, the report said. Since 2014, when homeownership rates among Latinos began increasing following the Great Recession, 2.3 Today, there are 9.2

Debt-to-income ratio 395

Debt-to-income ratio Mortgages Closing costs Equity 395

HomeLight

SEPTEMBER 30, 2021

If the amount received from the sale falls short of your outstanding mortgage balance and selling costs, you will have to cover the difference with funds other than those from the sale. Our Home Value Estimator pairs housing market data from multiple trusted sources with details about your house that you personally share.

Mortgages 100

Mortgages Debt-to-income ratio Equity Closing costs 100

HomeLight

SEPTEMBER 2, 2021

In 2021’s white-hot real estate market, homes are appreciating every day. And if you don’t put at least 10% down, you’ll pay MI over the entire life of the loan, even after you hit 20% equity. This national program, right for creditworthy, low- and moderate-income buyers, offers 3.5% What is FHA down payment assistance?

FHA loan 81

FHA loan Debt-to-income ratio Loans Equity 81

HomeLight

MAY 31, 2021

One of the first things you’ll want to know is just how much house you can afford , which is based on your income, credit score, debt-to-income ratio (DTI), and savings amount (including your down payment). I had some clients a few years ago that had trouble qualifying because they had a lot of debt.

Mortgages 58

Mortgages Debt-to-income ratio Loans Closing costs 58

HomeLight

NOVEMBER 21, 2023

Navigating the real estate market in Pennsylvania, especially when you’re trying to coordinate the sale of your current home with the purchase of a new one, can be a challenging balancing act. Imagine it as a short-term lending solution that taps into the equity of your current home.

Equity 98

Equity Loans Debt-to-income ratio Home sale contingency 98

HomeLight

DECEMBER 8, 2023

This balancing act becomes even more challenging in a market where inventory is low, and prices are high. Discover the Innovative Way to Buy Your Next Home Before Selling Your Current Home Through our Buy Before You Sell program, HomeLight can help you unlock a portion of your equity upfront to put toward your next home.

Equity 95

Equity Loans Debt-to-income ratio Home sale contingency 95

HomeLight

NOVEMBER 17, 2023

Navigating the real estate market in Maryland can feel like a high-stakes balancing act, especially when trying to sell your old home and simultaneously secure your new dream house. The challenge becomes even more daunting in a market characterized by low inventory and soaring prices.

Equity 101

Equity Loans Debt-to-income ratio Home sale contingency 101