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Your Ultimate Guide to Buying a Home in Texas in 14 Steps

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Nicknamed the Lone Star state, Texas is the second most populous state in the country and the second largest state in land mass. DTI: Your debt-to-income ratio helps the lender assess if you as a borrower would be able to afford your monthly payment. It shows the amount of debt you have in comparison to your income.

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21 Dos and Don’ts When Buying a Home

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Transaction details: the purchase agreement and a copy of your earnest money deposit. A new trade line could alter your debt-to-income ratio and throw off the whole deal if you are not careful. Bank statements. Tax returns for the last two years. W-2s or 1099s. Work with an agent.

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131 Real Estate Terms & Definitions Your Clients Expect You to Know in 2023

The Close

Debt-to-income ratio (DTI). You can help your clients calculate their DTI by adding together all of their monthly payments and dividing the total by their gross monthly income. Earnest money deposit. One example is someone using a private road to access their own land. Related Article.