Remove Debt-to-income ratio Remove Earnest money deposit Remove Pre-qualification Remove Proof of funds
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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. Pre-approval. At this point, the lender has the option to start foreclosure proceedings.