Debt-to-income ratio Earnest money deposit Title 
Redfin
JUNE 27, 2025
If no agreement is reached and you have an inspection contingency, you can cancel the sale without penalty and get your earnest money back. Refraining from negotiating closing costs Closing costs include fees for services like the home appraisal and title search, typically paid out of pocket at closing.
Redfin
JULY 30, 2025
It covers a variety of fees like lender and title fees, property taxes, home inspection, and homeowners insurance, to name a few. Lower your debt-to-income ratio: Paying down existing debt can improve your financial profile, helping you qualify for lower interest rates. What are the closing costs?
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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?
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.
HomeLight
JANUARY 27, 2021
You can usually shop around for the home inspection , title and settlement services, and home insurance. This can save you some money on your closing costs versus going with whoever the lender works with as a default. Sweeten the pot with earnest money. Like, for example, by offering more earnest money!
HomeLight
JUNE 30, 2022
Transaction details: the purchase agreement and a copy of your earnest money deposit. Research the mortgage company and title company before giving them any personal information, such as your Social Security number, bank account information, and any other sensitive documents. Bank statements. W-2s or 1099s.
HomeLight
AUGUST 29, 2022
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. Earnest money deposit amount. Send your earnest money deposit. Order a title search.
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