Realty Biz

MARCH 9, 2021

The extremely low mortgage rates that are advertised on TV, radio, and the internet are typically reserved for people looking to buy a home that they plan to occupy as their main residence. For this reason, Fannie Mae has offered the Family Opportunity Mortgage program to help people in these situations.

Pre-approval 144

Pre-approval Earnest money deposit Debt-to-income ratio Loans 144

Redfin

MAY 5, 2023

However, due to the recent hike in mortgage rates, the market has experienced a slight decline, with median sale prices dropping by 2.5% This includes checking your credit score , saving for a down payment , and calculating your monthly expenses to determine a realistic budget for mortgage payments.

Purchase and sale agreement 64

Purchase and sale agreement Pre-approval Seller disclosure Earnest money deposit 64

Redfin

AUGUST 3, 2022

Here are the steps to determine how much house you can afford: First, determine your debt to income ratio (DTI). This is your monthly expenses versus your cash intake or the bills you pay divided by your gross monthly income. Debts include recurring bills, such as car payments, daycare payments, and student loans.

Pre-approval 73

Pre-approval Purchase and sale agreement Title Debt-to-income ratio 73

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. So we’ve included a handy download with questions your clients should ask their mortgage broker. 4 Key Interest Rate Questions That Could Save Your Clients Money.

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