The Close

DECEMBER 29, 2022

How else would you and your clients understand how much is being paid in principal and interest over the years? 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.

Purchase and sale agreement 98

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

HomeLight

JUNE 30, 2022

Transaction details: the purchase agreement and a copy of your earnest money deposit. Mortgage calculators can be a helpful tool, but not all are created equal, and some may not include all of the components of your monthly housing payment — such as your principal, interest, property taxes, HOA dues, and homeowners insurance.

Purchase and sale agreement 70

Purchase and sale agreement Inspection Earnest money deposit Closing costs 70

HomeLight

JANUARY 27, 2021

Your mortgage payment is more than just the cost of the principal and interest on your loan. Make sure you budget for the entirety of your monthly mortgage payment, not just your principal and interest! Sweeten the pot with earnest money. Like, for example, by offering more earnest money! Conventional loan.

Closing costs 117

Closing costs Loans Inspection Earnest money deposit 117

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 72

Pre-approval Purchase and sale agreement Title Debt-to-income ratio 72