Real Trends

MARCH 8, 2023

Down payment issues or closing cost issues There are a few questions to ask right away. The seller could also provide a second mortgage to create funds. 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.

Debt-to-income ratio 94

Debt-to-income ratio Finance Backup offer Agents 94

HomeLight

NOVEMBER 29, 2023

Especially in today’s market, where inventory levels are low, and prices are soaring, aligning the timing and finances of both transactions can be particularly challenging. It leverages the equity in your current home, providing you with the necessary funds for a down payment and covering closing costs on your new property.

Equity 103

Equity Loans Debt-to-income ratio Home sale contingency 103

HomeLight

DECEMBER 15, 2023

Lining up the sale of your current home while trying to close the deal on a new one, particularly in a competitive market where inventory is low, may feel impossible. It uses the equity from your previous home to cover the down payment and closing costs for your new home, acting as a financial bridge between the two transactions.

Equity 103

Equity Loans Debt-to-income ratio Home sale contingency 103

HomeLight

OCTOBER 25, 2023

Find a Top Agent With Experience in Bridge Loans Partner with a top agent who knows your local market and has experience with bridge loan programs. Often referred to as a swing or interim loan, a bridge loan is usually pricier than your regular mortgage. The reason? However, there’s a silver lining.

Equity 104

Equity Loans Debt-to-income ratio Closing costs 104

HomeLight

DECEMBER 29, 2023

This can be even more difficult in a market like Dallas, where inventory is scarce and prices are soaring. This equity is utilized to provide the necessary funds for a down payment and to cover closing costs on your new property. The same lender handling your new mortgage in Dallas will often manage your bridge loan.

Equity 101

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

HomeLight

DECEMBER 13, 2023

Balancing limited time and finances may feel impossible in a market where inventory is tight and prices continue to rise. Although they’re typically pricier than traditional mortgages, bridge loans shine in their ability to provide a seamless home-buying experience. The underwriting process can be slower than expected.

Equity 109

Equity Loans Debt-to-income ratio Home sale contingency 109

HomeLight

DECEMBER 14, 2023

This can be a vital tool in a market like San Francisco, where every minute counts. This loan provides you with the cash needed for a down payment and to cover the closing costs of your new home. Bridge loans are typically more expensive than traditional mortgages due to their convenience and quick availability.

Equity 104

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

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. A bridge loan lets you leverage the equity in your current home to provide the necessary cash for a down payment and to handle closing costs for your new house. How does a bridge loan work in Austin?

Equity 100

Equity Loans Debt-to-income ratio Home sale contingency 100

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. By tapping into the equity of your unsold home, you can secure the funds needed for the down payment and closing costs of your new abode.

Equity 105

Equity Loans Debt-to-income ratio Home sale contingency 105

HomeLight

DECEMBER 13, 2023

This can be especially tough as the San Diego market is plagued by notoriously low inventory and high prices. A bridge loan is a short-term loan that uses the equity you’ve built up in your existing home, providing you with the funds needed for the down payment and closing costs on your new property.

Equity 112

Equity Loans Debt-to-income ratio Home sale contingency 112

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 105

Purchase and sale agreement Debt-to-income ratio Equity Loans 105

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. It leverages the equity in your existing home, providing the money required for the down payment and closing costs for your dream home. Lenders will first consider your debt-to-income ratio (DTI).

Equity 106

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

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 100

Equity Loans Debt-to-income ratio Home sale contingency 100

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 105

Equity Loans Debt-to-income ratio Home sale contingency 105

HomeLight

NOVEMBER 30, 2023

This becomes particularly challenging in a market where homes are scarce, and prices are high. Essentially, this loan leverages the equity in your existing home, providing you with the necessary funds to make a down payment and handle closing costs for your new property in Missouri. But what if there was a smoother solution?

Equity 107

Equity Loans Debt-to-income ratio Home sale contingency 107

Realty Biz

JULY 19, 2023

What to Know About Mortgages and Divorce Getting a mortgage after divorce involves several essential steps. Consider community property and debt implications during the mortgage process. Explore options for refinancing or assuming the mortgage. Let's examine the process of getting a loan post-divorce.

Mortgages 75

Mortgages Pre-approval Debt-to-income ratio Closing costs 75

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 105

Equity Loans Debt-to-income ratio Home sale contingency 105

Housing Wire

APRIL 12, 2024

After heating up like the rest of the country, the Louisiana housing market has continued to cool since interest rates began to rise in the second half of 2022. Across the state, agents feel these rising insurance costs on top of higher mortgage rates and list prices. as of April 5, 2024 — down from 37.21

Debt-to-income ratio 431

Debt-to-income ratio Marketing Closing costs Agents 431

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. This equity provides the necessary funds to pay down and cover closing costs for your new home. This can be a stressful and inconvenient process.

Equity 106

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

Marco Santarelli

APRIL 28, 2023

The Federal Housing Finance Agency (FHFA) recently announced changes to the loan-level price adjustments (LLPAs) for borrowers with conventional mortgages backed by Fannie Mae or Freddie Mac. The changes, which are set to take effect on May 1, 2023, will impact the pricing structure of mortgages for borrowers.

Mortgages 98

Mortgages Debt-to-income ratio Loans Finance 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

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 107

Equity Loans Debt-to-income ratio Home sale contingency 107

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 101

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

HomeLight

NOVEMBER 29, 2023

This balancing act becomes even more challenging in a market with low inventory and high prices. By leveraging the equity in your existing home, a bridge loan provides the necessary funds for a down payment and covers closing costs on your new property. An important factor in this process is your debt-to-income ratio (DTI).

Equity 95

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

Point2Homes

NOVEMBER 3, 2020

Many homeowners are talking about refinancing their mortgages at the moment. But, before you jump into refinancing your mortgage, it’s important to know what it involves and what the potential consequences are. The first thing to ask yourself is why you are considering refinancing your mortgage. Can you afford the costs?

Debt-to-income ratio 97

Debt-to-income ratio Mortgages Equity Closing costs 97

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 98

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

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 98

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

Realty Biz

DECEMBER 8, 2022

Getting a mortgage in the current conditions, where interest rates have risen quickly, hasn't made the situation any easier. While it might be more difficult to get a mortgage, it is, of course, still possible, but you might need to prepare more carefully. We will look at the process of getting a mortgage for the first time.

Loans 132

Loans Debt-to-income ratio Due diligence Title search 132

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. This type of loan leverages the equity in your current home, giving you the financial flexibility to make a down payment and handle closing costs on your new purchase. How does a bridge loan work in Georgia?

Equity 100

Equity Loans Debt-to-income ratio Home sale contingency 100

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 96

Equity Loans Home sale contingency Debt-to-income ratio 96

Realty Biz

AUGUST 16, 2023

Know What Home Equity Is Home equity is the difference between the market value of your home and the amount you owe on your mortgage. As you pay down your mortgage and your home's value increases, your home equity grows. Your credit score, debt-to-income ratio, and payment history will also affect your eligibility.

Equity 72

Equity Loans Debt-to-income ratio Closing costs 72

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 99

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

Redfin

JULY 11, 2023

In this comprehensive guide, by Redfin, we will delve into ten common questions about mortgages, offering valuable insights and expert answers. What is a mortgage? A mortgage is a loan specifically designed for purchasing a property, commonly a home. How does a mortgage work? What are the different types of mortgages?

Pre-approval 59

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

Lab Coat Agents

MAY 1, 2024

VA loan assumptions offer a fantastic opportunity for your clients to save thousands on their mortgage in a rising interest rate environment. When a buyer assumes a VA mortgage loan, they take over the seller’s existing loan balance and current interest rate. What is a VA Loan Assumption? That is inaccurate.

VA loan 52

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

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 112

Debt-to-income ratio Fixed-rate mortgage Mortgages Loans 112

HomeLight

MAY 26, 2021

She also conducts monthly webinars for first-time homebuyers with the New Jersey Housing and Mortgage Finance Agency and the Puerto Rican Action Board. She says that through combining state programs and with the seller paying closing costs, she had one buyer who “only had to bring $3,500 to the table.”.

Debt-to-income ratio 97

Debt-to-income ratio Closing costs VA loan Loans 97

Realty Biz

MARCH 7, 2023

Then, you may have realized that your credit history and low income might not make you eligible for a traditional loan or bank mortgage. In that case, low-income housing programs will come to your rescue! How do lenders determine your income and eligibility for a loan? And don’t forget! How to deal with down payments?

Loans 74

Loans Debt-to-income ratio Closing costs Lending 74