Housing Wire

MARCH 20, 2024

Many buyers struggled with the financial burden of covering closing costs , making it difficult or impossible to also cover the compensation for agent representation. Many are already shouldering the burdens of high debt-to-income ratios, mortgage insurance premiums, and elevated interest rates to secure a foothold in homeownership.

Debt-to-income ratio 479

Debt-to-income ratio Agents Equity Closing costs 479

Realty Biz

OCTOBER 25, 2021

Financing in the form of mortgage refinancing can reduce your expenses and help you pay off your mortgage faster. When you refinance your mortgage you will be replacing your existing mortgage with a new mortgage with new terms and a different interest rate. Mortgage refinancing tends to be an easier process.

Debt-to-income ratio 123

Debt-to-income ratio Mortgages Closing costs Equity 123

HomeLight

DECEMBER 5, 2023

It hands you the cash needed for a down payment and covers those pesky closing costs on your new purchase. Bridge loans can be pricier than regular mortgages, but they’re designed to be your speedy and hassle-free ticket to that new home. Now, let’s talk numbers.

Equity 104

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

Realtor.com

FEBRUARY 2, 2022

But our mortgage and lending system can be especially challenging for retirees to navigate, simply because lenders prioritize income. You need to make sure the person you’re working with is aware of local transfer taxes and closing costs.” Watch your debt-to-income ratio.

Debt-to-income ratio 100

Debt-to-income ratio Mortgages Fixed-rate mortgage Loans 100

Realty Biz

JANUARY 4, 2022

In most circumstances, he not only has to make your full mortgage payment but would also owe penalties, late fees, additional interest, etc. It goes beyond being responsible for all your mortgage because your home loan becomes part of his overall debt. Help with closing costs. It’s all one big ball of string.

Debt-to-income ratio 118

Debt-to-income ratio Loans Mortgages Title 118

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

Point2Homes

DECEMBER 15, 2021

There are many types of mortgages for homebuyers to consider in the U.S. Assumable mortgages aren’t as common as others, but they can offer a wealth of benefits in the right circumstances. What Is an Assumable Mortgage? How Does an Assumable Mortgage Work? Are All Mortgage Types Assumable? Let’s find out more.

Debt-to-income ratio 109

Debt-to-income ratio VA loan Mortgages FHA loan 109

HomeLight

JANUARY 29, 2024

Here’s why: Avoiding high interest rates and closing costs: Traditional home equity loans and lines of credit come with interest rates and closing costs that can significantly increase the overall repayment amount.

Equity 110

Equity Debt-to-income ratio Loans Closing costs 110

HomeLight

NOVEMBER 29, 2023

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. While they tend to be pricier than traditional mortgages, bridge loans offer a quick and convenient way to secure your new home without the wait to sell your old one.

Equity 106

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

HomeLight

DECEMBER 15, 2023

This type of loan leverages the equity in your existing home, providing you with the necessary funds for a down payment and to cover the closing costs of your new property. 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 106

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

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 98

Mortgages Pre-approval Debt-to-income ratio Closing costs 98

HomeLight

OCTOBER 25, 2023

Often referred to as a swing or interim loan, a bridge loan is usually pricier than your regular mortgage. In this pinch, they turn to a bridge loan to utilize the equity from their existing home, covering the down payment and closing costs for the new purchase. The reason? However, there’s a silver lining.

Equity 107

Equity Loans Debt-to-income ratio Closing costs 107

HomeLight

DECEMBER 13, 2023

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. To bridge this income gap, you can leverage the equity from your existing home for the down payment and closing costs on your new property.

Equity 115

Equity Loans Debt-to-income ratio Home sale contingency 115

HomeLight

DECEMBER 29, 2023

This equity is utilized to provide the necessary funds for a down payment and to cover closing costs on your new property. Though they generally come with higher costs than traditional mortgages, bridge loans offer speed and convenience in exchange for a more expensive rate. How does a bridge loan work in Dallas?

Equity 104

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

HomeLight

DECEMBER 14, 2023

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. The lender for your new mortgage will usually handle the bridge loan.

Equity 107

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

HomeLight

NOVEMBER 3, 2023

However, it’s essential to note that bridge loans can come at a higher cost than traditional mortgages. Here’s a familiar scenario: you’ve set your sights on a new Utah home but need the equity from your existing property to manage the down payment and closing costs.

Equity 110

Equity Loans Debt-to-income ratio Home sale contingency 110

HomeLight

DECEMBER 13, 2023

In real estate, a bridge loan, also known as a swing loan, bridging loan, or gap financing, lets you utilize the equity in your existing home to give you the money required to make a down payment and cover the closing costs for your new property. Typically, the lender working on your new mortgage will also handle your bridge loan.

Equity 111

Equity Loans Debt-to-income ratio Home sale contingency 111

HomeLight

DECEMBER 15, 2023

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. Although they tend to be pricier than traditional mortgages, bridge loans offer flexibility when trying to secure your new home purchase without waiting to sell your old one.

Equity 104

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

HomeLight

NOVEMBER 7, 2023

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. In many cases, the financial institution where you’re seeking a mortgage for your new Oklahoma home will manage your bridge loan as well. A bridge loan offers you a way to move forward.

Equity 109

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

HomeLight

FEBRUARY 26, 2024

A down payment of 20% or more can eliminate the need for private mortgage insurance (PMI), lowering your monthly expenses. Jumbo loans often require a strong credit score, a low debt-to-income ratio , and, typically, a higher down payment. Madan says not all buyers have a 20% down payment.

Purchase and sale agreement 109

Purchase and sale agreement Debt-to-income ratio Equity Loans 109

HomeLight

DECEMBER 7, 2023

It leverages the equity in your existing home, providing the money required for the down payment and closing costs for your dream home. Bridge loans are great because they provide speed and convenience over traditional mortgages. Typically, the lender handling your new mortgage will also manage your bridge loan.

Equity 108

Equity Loans Home sale contingency Debt-to-income ratio 108

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 144

Loans Debt-to-income ratio Due diligence Title search 144

HomeLight

JANUARY 30, 2024

This loan leverages the equity in your existing home, providing the funds needed for a down payment and covering the closing costs on your new home purchase. It uses the equity from your previous Denver home to help cover the down payment and closing costs for your new abode. When is a bridge loan a good solution?

Equity 104

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

Realty Biz

FEBRUARY 11, 2021

I’ve gotten to like having more discretionary income for the past few years. How large of a mortgage should I consider without stretching my budget too far? That’s assuming your credit rating is in good shape because the other major qualifying criteria are your debt-to-income ratio and down payment.

Debt-to-income ratio 109

Debt-to-income ratio Equity Mortgages Closing costs 109

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 97

Equity Debt-to-income ratio Loans Closing costs 97

HomeLight

NOVEMBER 30, 2023

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. It allows you to tap into your existing home’s equity to cover the down payment and closing costs for your new property.

Equity 108

Equity Loans Debt-to-income ratio Home sale contingency 108

HomeLight

NOVEMBER 30, 2023

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. This is where the equity in your existing home steps in to cover the down payment and closing costs for your new abode.

Equity 107

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

HomeLight

DECEMBER 4, 2023

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. While generally costlier than conventional mortgages, bridge loans are crafted for convenience and speed.

Equity 107

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

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

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

RIS Media

APRIL 9, 2021

You have the right to refinance your mortgage as many times as you want, but your lender may place some limitations on how frequently you may do so. You will also have to meet your lender’s requirements related to debt-to-income ratio, credit score and percentage of equity. Pros and Cons of Multiple Refinances.

Debt-to-income ratio 62

Debt-to-income ratio Mortgages Closing costs Equity 62

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

HomeLight

NOVEMBER 30, 2023

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. In this situation, the equity from your existing home is used to cover the new property’s down payment and closing costs.

Equity 104

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

HomeLight

NOVEMBER 29, 2023

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. It uses the equity from your existing home to cover the down payment and closing costs of your new home, creating a financial bridge between the two transactions.

Equity 109

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

HomeLight

NOVEMBER 30, 2023

This equity provides the necessary funds to pay down and cover closing costs for your new home. While they are typically more expensive than traditional mortgages, bridge loans offer a swift and convenient solution, enabling you to purchase your new home without waiting for your old home to sell.

Equity 108

Equity Loans Debt-to-income ratio Home sale contingency 108

HomeLight

NOVEMBER 29, 2023

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. It uses the equity from your existing home to cover the down payment and closing costs for your new home, bridging the financial gap between buying and selling.

Equity 102

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

HomeLight

NOVEMBER 17, 2023

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. Due to their temporary nature and the inherent risks involved, bridge loans usually carry slightly higher interest rates compared to traditional mortgages.

Equity 104

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