Housing Wire

SEPTEMBER 27, 2023

Higher costs and rates meant customers taking out mortgages in 2022 devoted a higher share of their income towards paying home loans. The average debt-to-income ratio for Hispanic White and Black borrowers reached over 40% in 2022, about 39% among Asian applicants and 37% for non-Hispanic whites. in 2022, up from 8.3%

Debt-to-income ratio 431

Debt-to-income ratio Mortgages Fixed-rate mortgage Equity 431

Housing Wire

FEBRUARY 28, 2024

Tom Davis, chief sales officer, Deephaven Mortgage Today’s market means that more borrowers have higher debt-to-income ratios, limited access to credit and are looking for alternative ways to get qualified for a mortgage. No traditional income analysis or employment information is required. trillion.

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Debt-to-income ratio Mortgages Banks Equity 429

Housing Wire

FEBRUARY 5, 2024

But that number is still 9 percentage points above the 30-year average debt-to-income ratio of 24.2% Equity levels Mortgage holders ended 2023 with $16 trillion in equity, the highest year-end total on record, and up $1.6 The average mortgage holder now has $299,000 in equity, up from $274,000 at the end of 2022.

Debt-to-income ratio 458

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Housing Wire

MAY 4, 2022

Household balance sheets have improved: Since the Great Recession, mortgage rates have generally declined helping homeowners refinance into lower mortgage payments, while steadily rising home prices have significantly boosted homeowner equity.

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Debt-to-income ratio Equity Pre-approval Finance 384

Housing Wire

MARCH 14, 2023

SPCP mortgage types include refinance, purchase, construction, home equity lines of credit ( HELOC ) and down payment or closing cost assistance. The increase in Special Purpose Credit Programs (SPCPs) could play a promising role in closing the non-Hispanic White and Latino homeownership gap, NAHREP said.

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Debt-to-income ratio Mortgages Closing costs Equity 397

Housing Wire

NOVEMBER 7, 2023

Media stories about home affordability rarely cover how the GSEs allow for low down payments and higher debt-to-income ratios. And when lenders — not headlines — explain cash-to-close and monthly all-in costs relative to incomes, the lights go on for borrowers. equity in the American housing system.

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Keeping Current Matters

AUGUST 20, 2020

Accompanied by more rigorous lending standards, the household debt-to-income ratio is at a four-decade low and household equity near a three-decade high. First, the housing market is in a much stronger position compared with a decade ago.

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Housing Wire

MARCH 30, 2021

The HPC notes “the observable market dynamic” of high home demand, which would provide a ready market for any consumers who need to sell, especially given the positive equity position many homeowners are in as home prices continue to appreciate.

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Housing Wire

MARCH 20, 2024

The ripple effect: Fewer buyers, declining equity As indicated earlier, introducing a system where buyers are solely responsible for their agent’s fees might sound more equitable; however, this change harbors the potential for significant unintended economic consequences. For these buyers, every dollar matters.

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Debt-to-income ratio Agents Equity Closing costs 479

Housing Wire

OCTOBER 21, 2020

The current rule provides safe harbor protection to lenders from potential litigation brought by borrowers for loans having debt-to-income ratios of 43% or less. The Consumer Financial Protection Bureau appears to have lost an opportunity to correct a nagging issue in its definition of a qualified mortgage.

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HomeLight

OCTOBER 28, 2024

Do you have profit-level home equity? Selling your home at a profit starts with knowing your current equity. If your equity has grown substantially, it could be a great time to sell. If your equity has grown substantially, it could be a great time to sell. Will your debt-to-income ratio permit a new loan?

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Housing Wire

AUGUST 23, 2023

The business combination closing, announced Wednesday, unlocks approximately $565 million of fresh capital, including a $528 million convertible note previously committed from affiliates of SoftBank and additional common equity from funds affiliated with NaMa Capital (formerly Novator Capital).

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HomeLight

APRIL 10, 2025

Through our Buy Before You Sell program, HomeLight can help you unlock a portion of your equity upfront to put toward your next home. It uses the equity youve built in your existing home to give you quick access to cash for a down payment or to cover closing costs on your next purchase.

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HomeLight

APRIL 9, 2025

Through our Buy Before You Sell program, HomeLight can help you unlock a portion of your equity upfront to put toward your next home. It gives you access to the equity in your existing home so you can cover a down payment and closing costs on your new purchase without waiting for your old house to sell. Why Move Twice?

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HomeLight

APRIL 18, 2025

You might be curious if theres a way to access your homes equity for a down payment before it sells or if your only option is to move out and crash somewhere temporary while you house hunt. Through our Buy Before You Sell program, HomeLight can help you unlock a portion of your equity upfront to put toward your next home.

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HomeLight

JULY 23, 2024

You’ve been thinking about tapping into your home’s equity for a project or purchase that’s been on your “someday” list, but the time and expense of the appraisal and process have held you back. You might be wondering if you can get a no-appraisal home equity loan. Get Estimate What is a no-appraisal home equity loan?

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HomeLight

APRIL 10, 2025

Through our Buy Before You Sell program, HomeLight can help you unlock a portion of your equity upfront to put toward your next home. A bridge loan (sometimes called a swing loan or bridging loan) is a short-term loan that uses the equity in your current home to help you move forward with your next purchase. Why Move Twice?

Equity 52

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Housing Wire

JANUARY 4, 2022

Still, even in those transactions, the underlying collateral appears solid, with the average credit scores of the borrowers above 760 and the average debt-to-income ratio ranging from 64.4% to 72% across the three deals in a market with fast-rising home prices.

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Housing Wire

MAY 25, 2022

These borrowers may have already experienced rejection when applying for more traditional loans due to factors like having less than perfect credit, high debt-to-income ratios, low reportable income and a number of other increasingly common reasons such as being self-employed or freelance workers. Why partner with Newrez?

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Debt-to-income ratio Lending Pre-qualification Loans 397

HomeLight

SEPTEMBER 25, 2024

Are you considering using a home equity loan to help buy your next house? Whether you’re purchasing a second property for investment, a vacation getaway, or looking for a way to buy a new home before selling your current one, tapping into your home’s equity can feel like an appealing solution. How Much Should You Put Down on a House?

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Housing Wire

AUGUST 7, 2023

Income and credit information are inputted into the AUS. Then, it makes a decision based on three primary factors: debt-to-income ratio (DTI), credit score and loan-to-value ratio (LTV). Lenders use systems called automated underwriting systems (AUS) that are accessed by Fannie Mae and Freddie Mac.

Closing 370

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HomeLight

DECEMBER 5, 2023

Discover the Innovative Way to Buy Your Next Home Before Selling Your Current Home Through our Buy Before You Sell program, HomeLight can help you unlock a portion of your equity upfront to put toward your next home. Your lender might need to crunch the numbers and calculate your debt-to-income ratio (DTI).

Equity 111

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HomeLight

NOVEMBER 3, 2023

Discover the Innovative Way to Buy Your Next Home Before Selling Your Current Home Through our Buy Before You Sell program, HomeLight can help you unlock a portion of your equity upfront to put toward your next home. We’ll also introduce you to innovative options like Buy Before You Sell programs that can streamline the entire process.

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HomeLight

NOVEMBER 7, 2023

Discover the Innovative Way to Buy Your Next Home Before Selling Your Current Home Through our Buy Before You Sell program, HomeLight can help you unlock a portion of your equity upfront to put toward your next home. In simple terms, it’s a short-term loan that uses the equity in your existing home to help finance the new purchase.

Equity 115

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Housing Wire

AUGUST 26, 2024

In the meantime, these companies could market other products, such as home equity loans, to borrowers in these portfolios. Middleman pointed to average loan-to-value ratios of 50%, average debt-to-income ratios in the low 40% range, and credit scores in the low 700s as indicators of an “extraordinary” credit.

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HomeLight

OCTOBER 25, 2023

If you are relying on the equity in your current home to make a down payment on the new one, it may seem the only way the puzzle fits together is to sell, move out, and find a third location to live while you shop for the new house. Your lender’s evaluation may involve crunching some numbers around your debt-to-income ratio (DTI).

Equity 111

Equity Loans Debt-to-income ratio Closing costs 111

HomeLight

NOVEMBER 21, 2023

Discover the Innovative Way to Buy Your Next Home Before Selling Your Current Home Through our Buy Before You Sell program, HomeLight can help you unlock a portion of your equity upfront to put toward your next home. Imagine it as a short-term lending solution that taps into the equity of your current home.

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HomeLight

JANUARY 29, 2024

When a homeowner needs fast access to cash for a life change or opportunity, their first thought may be to tap into their equity. But what if you can’t afford to make additional monthly payments on a traditional home equity loan, or your credit score won’t qualify for a cash-out refinance or line of credit? homeowners.

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Realty Biz

APRIL 5, 2022

Homeowners with equity in their homes can get an FHA and/or VA cash-out refinance during the Chapter 13 repayment plan if they want to use the proceeds of the cash-out refinance to buy out the Chapter 13 Bankruptcy. Manual underwriting is similar to automated underwriting system approval except there is lower debt to income ratio cap.

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HomeLight

DECEMBER 13, 2023

This allows you to utilize the equity from your existing property and streamline the transition into your new home without needing temporary housing. To bridge this income gap, you can leverage the equity from your existing home for the down payment and closing costs on your new property. What is a bridge loan, in simple words?

Equity 119

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HomeLight

NOVEMBER 29, 2023

Discover the Innovative Way to Buy Your Next Home Before Selling Your Current Home Through our Buy Before You Sell program, HomeLight can help you unlock a portion of your equity upfront to put toward your next home. An important factor in this process is your debt-to-income ratio (DTI).

Equity 111

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HomeLight

NOVEMBER 30, 2023

Discover the Innovative Way to Buy Your Next Home Before Selling Your Current Home Through our Buy Before You Sell program, HomeLight can help you unlock a portion of your equity upfront to put toward your next home. Equity requirements: Lenders assess the equity in your current home.

Equity 115

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HomeLight

DECEMBER 15, 2023

A bridge loan is a short-term financing solution, giving you the necessary income to purchase a new home, even before you’ve sold your current one. This type of loan leverages the equity in your existing home, providing you with the necessary funds for a down payment and to cover the closing costs of your new property.

Equity 111

Equity Loans Debt-to-income ratio Home sale contingency 111

Lighter Side of Real Estate

MAY 26, 2025

Depending on your profession, you may be eligible for surprisingly flexible mortgage termssometimes with low (or no) down payments, no PMI, and a more forgiving look at your debt-to-income ratio.

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HomeLight

DECEMBER 13, 2023

Discover the Innovative Way to Buy Your Next Home Before Selling Your Current Home Through our Buy Before You Sell program, HomeLight can help you unlock a portion of your equity upfront to put toward your next home. A critical part of this arrangement involves assessing your debt-to-income ratio (DTI).

Equity 116

Equity Loans Debt-to-income ratio Home sale contingency 116

HomeLight

DECEMBER 29, 2023

Discover the Innovative Way to Buy Your Next Home Before Selling Your Current Home Through our Buy Before You Sell program, HomeLight can help you unlock a portion of your equity upfront to put toward your next home. Bridge loans rely on equity in your current home. When is a bridge loan a good solution?

Equity 111

Equity Loans Debt-to-income ratio Home sale contingency 111

HomeLight

DECEMBER 15, 2023

Discover the Innovative Way to Buy Your Next Home Before Selling Your Current Home Through our Buy Before You Sell program, HomeLight can help you unlock a portion of your equity upfront to put toward your next home. Imagine you’ve found your dream home, but your funds are tied up in your existing home’s equity.

Equity 111

Equity Loans Debt-to-income ratio Home sale contingency 111