Marco Santarelli

MAY 3, 2025

Get Pre-Approved: Before you start seriously looking at homes, get pre-approved for a mortgage. Debt-to-Income Ratio: Lenders will also look at your debt-to-income ratio to assess your ability to repay the loan. However, dont just jump in without doing your homework.

Debt-to-income ratio

Point2Homes

DECEMBER 7, 2020

Lenders will normally look at your debt-to-income ratio to determine whether you qualify for a loan. Typically, they don’t want you to have debts that add up to more than 43% of your gross monthly income. Getting Pre-Approved. In this case, having an attorney run a title search will be critical.

Debt-to-income ratio

Redfin

MARCH 3, 2022

It’s recommended to get pre-approved before house hunting to give yourself a realistic idea of how much home you can afford ; however, a mortgage pre-approval doesn’t guarantee that your loan application will be approved. Delayed approvals from Homeowners Associations. How to remedy the situation.

Closing

The Close

DECEMBER 29, 2022

If your clients are concerned about getting approved for a loan, you can remind them that a co-borrower agrees to back the borrower in a mortgage loan. Debt-to-income ratio (DTI). Loans with less than 20% down often require buyers to pay private mortgage insurance until they reach a certain equity ratio.

Purchase and sale agreement