Remove Debt-to-income ratio Remove Equity Remove FHA loan Remove Inspection contingency
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51 Brilliant Real Estate Tips for Buyers to Edge Past the Competition

HomeLight

Mortgage insurance is extremely common for first-time buyers, and it’s often the fastest way to achieve homeownership and start building equity today, rather than waiting until you’ve saved up 20% — an unrealistic feat for many buyers. and 1% of your loan amount, annually. Definitely include an inspection contingency.

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26 First Time Home Buyer Tips to Get Your Foot in The Door In 2021 (Plus 5 That Just Don’t Work)

HomeLight

There are plenty of mortgage loan calculators to be found online, and generally speaking, lenders don’t want to see your total debt, including your mortgage payment, exceed 45% of your income; some borrowers can go up to 50%. This is known as your debt-to-income ratio (DTI). But still get a home inspection!