Realty Biz

DECEMBER 8, 2022

Your debt-to-income ratio is an important consideration when lenders look at your finances. DTI is all of your debts divided by your gross income each month. Typically lenders won't accept a DTI ratio over 45%, but it is better to reduce your ratio to around 36%.

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

Lighter Side of Real Estate

AUGUST 5, 2020

In a competitive market, sellers will often get multiple offers, or hold out for a higher price than you might be willing to go. While the overwhelming majority of accepted offers turn into closed deals, you should never assume that just because the buyer and seller have agreed, that the deal is finalized.

Pre-approval 145

Pre-approval Debt-to-income ratio Title search Finance 145

HomeLight

AUGUST 29, 2022

Consider factors such as how long you plan to be in the area, if you have steady employment, and if you have enough money saved for not just the down payment, but for closing costs , maintenance, property taxes, and more. Keep in mind that this doesn’t include the funds you will need for closing costs.

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Earnest money deposit Title Inspection Title search 100

Redfin

MARCH 3, 2022

“A seasoned mortgage broker will fully analyze your situation and application, anticipate any issues, and guide you through the process to a smooth closing,” says Trey Bolen at Lendid Home Loans. It’s also important that buyers come to closing prepared with all necessary closing documents and payment for closing costs.

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Closing Title search Purchase and sale agreement Title 62

Redfin

JUNE 14, 2023

From market insights and the homebuying process, read on to make the jump to homeownership. North Carolina housing market insights The housing market in North Carolina is a vibrant and flourishing industry that presents potential buyers with numerous choices. If you need help figuring out where to start, Redfin has your back.

Pre-approval 57

Pre-approval Debt-to-income ratio Closing costs Title 57

HomeLight

MARCH 31, 2022

Potential homebuyers will need to budget for a down payment, closing costs, monthly mortgage payment, and that doesn’t even include the cost of utilities. So how can first-time homebuyers get into the housing market and craft the most competitive offers? Consider your closing costs.

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Closing costs Loans Closing Debt-to-income ratio 88

HomeLight

MARCH 17, 2021

While you’ll find lots of ways to ballpark your housing budget, the real determiner will be your debt-to-income ratio , or DTI. The lender wants to be sure you can pay back the mortgage plus any other debts you owe, so the bank will calculate your DTI. Those funds are due on closing day.

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Pre-approval Purchase and sale agreement Title Closing 98