Marco Santarelli

MARCH 6, 2025

LTV (Loan-to-Value Ratio): This compares the amount of the loan to the appraised value of the home. Debt-to-Income Ratio (DTI): The ratio of your monthly debt payments to your gross monthly income. Factor in All Costs: Don't just focus on the interest rate. A lower DTI is better.

Mortgages 64

Mortgages Debt-to-income ratio Loans Principal 64

HomeLight

JULY 30, 2021

New Mexico agent Valerie Almanzar , who has more than 15 years of experience in the real estate industry, says that while rent-to-own properties aren’t the norm these days, they can and do still happen. “If Additionally, a certain amount of the monthly rent is also typically stipulated to help cover the buyer’s closing costs or down payment.

Purchase and sale agreement 98

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

Redfin

SEPTEMBER 6, 2024

Debt-to-income ratio (DTI) The debt-to-income ratio is a key metric lenders use to evaluate how much of your monthly income goes toward debt payments. It is calculated by dividing your total monthly debt payments by your gross monthly income.

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Debt-to-income ratio Mortgages VA loan Principal 69

Marco Santarelli

APRIL 28, 2023

Another fee change is expected to take effect on August 1, following pushback from the mortgage industry. This change would add an upfront fee for borrowers with a debt-to-income ratio (DTI) above 40%. As a result, industry leaders have expressed concerns about affordability for these borrowers.

Mortgages 98

Mortgages Debt-to-income ratio Loans Finance 98

Rochester Real Estate

NOVEMBER 5, 2015

The authors of these articles are some of the best writers in the mortgage and real estate industries. ” is an extremely common question in the mortgage and real estate industries. These include improving credit and balancing your debt to income ratio.

Finance 52

Finance Mortgages VA loan Pre-approval 52

Redfin

SEPTEMBER 27, 2021

Many lenders work with standard debt-to-income ratio calculations which don’t take into account other costs of home ownership. That sounds like a lot, but remember that some are upfront costs, some are recurring, and other costs only happen once in a while. Determine your debt to income ratio (DTI).

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Debt-to-income ratio Closing costs Loans Title 71

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 85

Mortgages Debt-to-income ratio Loans Closing costs 85

Redfin

FEBRUARY 24, 2025

Market conditions: Fluctuations in the construction industry due to material costs, labor availability, supply chain issues, and economic factors can impact building expenses. For instance, tariffs on imported goods have recently increased material costs, potentially adding $17,000 to $22,000 to the price of a new home.

Debt-to-income ratio 31

Debt-to-income ratio Construction Land Renovation 31

HomeLight

JANUARY 27, 2021

A great agent also has relationships across the industry. Don’t forget to budget for closing costs. Closing costs are one-time costs that go along with your home purchase, and you pay them on — you guessed it — closing day. Speaking of closing costs, you can ask the seller to pay them.

Closing costs 119

Closing costs Inspection Loans Earnest money deposit 119

HomeLight

OCTOBER 15, 2020

It’s not just the dollar amount of what you earn, but also the specifics that comprise your income that count. Candidates must have a two-year employment history in the same job or industry. Income can be one of the most complex factors in qualifying for USDA,” Hammond says. “If Submit the loan application.

Loans 85

Loans Purchase and sale agreement Loan Officer Debt-to-income ratio 85

Redfin

FEBRUARY 10, 2021

Luckily, Redfin chief economist Daryl Fairweather gives us her keen insights into what the housing industry is doing in 2021. “ Have a Healthy Debt-to-Income Ratio (DTI). Another key component banks consider when issuing loans, is your debt-to-income ratio. Closing costs*.

Debt-to-income ratio 76

Debt-to-income ratio Pre-approval Inspection Purchase and sale agreement 76

HomeLight

JUNE 16, 2023

In some instances, prioritizing paying off your high-interest debt over your fixed-rate mortgage can expedite your journey to financial freedom. We’ll break down how cash-out refinance to pay off debt works and what to consider before committing to this strategy.

Fixed-rate mortgage 88

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Redfin

JULY 11, 2023

Technological advancements have greatly simplified the document submission process for borrowers in the mortgage industry,” shares Ron Haddad Lending Team. What are closing costs? Closing costs are fees and expenses associated with finalizing a mortgage loan.

Pre-approval 59

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

Marco Santarelli

AUGUST 18, 2024

Economic Factors: Los Angeles boasts a thriving economy with a high concentration of high-paying industries, such as entertainment, technology, and finance. The presence of affluent earners influences property values and contributes to the overall cost of living. Unveiling the Minimum Qualifying Income According to C.A.R.'

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Debt-to-income ratio Marketing Closing costs Loans 59

Redfin

JUNE 14, 2023

North Carolina housing market insights The housing market in North Carolina is a vibrant and flourishing industry that presents potential buyers with numerous choices. This includes paying closing costs, signing the mortgage documents, and obtaining homeowner’s insurance.

Pre-approval 59

Pre-approval Debt-to-income ratio Closing costs Title 59

Redfin

MAY 5, 2023

You’ll fall in love with Austin’s thriving tech industry, world-class universities, breathtaking parks, and expansive lakes like Lake Travis and Lady Bird Lake. Though the city’s popularity has led to some challenges, such as rising housing costs and traffic, don’t worry.

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Purchase and sale agreement Pre-approval Seller disclosure Earnest money deposit 66

HomeLight

OCTOBER 29, 2021

Then you’ll have to pay closing costs, including appraisal and inspection costs (and don’t expect the seller to chip in — more on that later!). Plus, there’s the cost to move, furnish, and customize your new home. This is known as your debt-to-income ratio (DTI). Make your best offer first.

Inspection 98

Inspection Loans VA loan Title 98

Housing Wire

DECEMBER 7, 2020

As commonplace as DPA has become, this industry suffers from three major problems: A patchwork of different program structures and borrower requirements across agencies and jurisdictions, which raises the costs and limits the interests of regional and national lenders from scaling up their DPA activities.

FHA loan 491

FHA loan Debt-to-income ratio Loans Equity 491

Real Trends

MARCH 8, 2023

Down payment issues or closing cost issues There are a few questions to ask right away. If there are still issues with the down payment or closing costs, consider raising the price by the deficit, as long as the property would still appraise. Ratio issues What does this even mean? Find out the specifics.

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Debt-to-income ratio Finance Backup offer Agents 99

The Close

DECEMBER 29, 2022

After all, great communication leads to closed deals. Furthermore, in today’s market, understanding our complex mortgage industry could actually help you close more deals and maybe even save clients money. Closing costs. Clients will need an exact accounting of the total amount owed in closing costs.

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Purchase and sale agreement Title Pre-approval Proof of funds 98

Marco Santarelli

MAY 8, 2025

State-Specific Regulations: Each state has its own set of regulations governing the mortgage industry. The actual rate you'll qualify for will depend heavily on your individual financial situation, particularly your credit score, income, debt-to-income ratio, and the size of your down payment.

Mortgages 52

Mortgages Debt-to-income ratio Loans Lending 52

Marco Santarelli

MAY 22, 2025

State Regulations: Each state has its own set of regulations governing the mortgage industry. These rules can affect lender costs and, subsequently, the rates they offer. Your Individual Profile Matters: The rate you ultimately secure will depend on your credit score, income, debt-to-income ratio, and the size of your down payment.

Mortgages 52

Mortgages Debt-to-income ratio Fixed-rate mortgage Loans 52