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.

Earnest money deposit 92

Earnest money deposit Title Inspection Title search 92

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!

Closing costs 117

Closing costs Loans Inspection Earnest money deposit 117

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.

Purchase and sale agreement 71

Purchase and sale agreement Inspection Earnest money deposit Closing costs 71

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 75

Pre-approval Purchase and sale agreement Title Debt-to-income ratio 75

The Close

DECEMBER 29, 2022

Chain of title. As clients get ready for closing, they’ll hear a lot about the title. Chain of title is an historical record of previous owners of a property that’s essential in establishing the legal ownership of the property. An established chain of title helps protect the buyer from future challenges to ownership.

Purchase and sale agreement 97

Purchase and sale agreement Title Proof of funds Pre-approval 97