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%.

Loans 132

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

Redfin

MARCH 3, 2022

Any changes in your debt-to-income ratio or credit score could cause issues with your loan application, which increases the chance of a delayed closing. A home appraisal provides the fair market value of a property and is typically required by your mortgage lender. Clouds on the title.

Closing 63

Closing Title search Purchase and sale agreement Title 63

The Close

DECEMBER 29, 2022

Furthermore, in today’s market, understanding our complex mortgage industry could actually help you close more deals and maybe even save clients money. There is always a chance a sale might not go through, especially in today’s wild interest rate market. It’s often presented as a percentage of the fair market value. Assignment.

Purchase and sale agreement 98

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

HomeLight

JULY 29, 2022

This can radically alter their debt-to-income ratio and jeopardize the whole deal. In a traditional market, buyers won’t want to close until the issue is resolved. That likely went right to your lender, so ask to get a copy from either them or directly from the title company. Problem: You lost your job.

Closing 103

Closing Purchase and sale agreement Title Home sale contingency 103