Debt-to-income ratio Earnest money deposit Proof of funds 
Rochester Real Estate
NOVEMBER 5, 2015
A pre-approval letter must be included, and proof of funds can also help in a seller’s market. If your offer is accepted, you will sign a purchase agreement and pay an earnest money deposit. Don’t apply for new credit that might make your debt-to-income ratio worse before you close on the home.
Redfin
AUGUST 29, 2024
Debt-to-income ratio (DTI) Another major factor that a lender will consider when approving your mortgage loan is your debt-to-income ratio (DTI). DTI is calculated by dividing total monthly debts by gross monthly income. What’s an earnest money deposit?
The Close
DECEMBER 29, 2022
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. Proof of funds. These funds must be liquid, not stocks or bonds. Related Article.
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