Realty Biz

SEPTEMBER 30, 2023

Let's delve deeper into these topics to guide you towards an affordable home financing solution. They can help you navigate the mortgage process and identify suitable options based on your financial situation and provide you with a pre-approval. Get pre-approved: Before house hunting, consider getting pre-approved for a mortgage.

Finance 97

Finance Debt-to-income ratio FHA loan Mortgages 97

Housing Wire

MAY 25, 2022

In a housing market vastly different from the pre-pandemic period, how can industry professionals position themselves to achieve growth despite these current obstacles? More people are diversifying their income streams and opting to work for themselves or through real estate investments.

Debt-to-income ratio 397

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

Marco Santarelli

OCTOBER 6, 2023

Some lenders may require higher scores, especially for borrowers with other risk factors, such as a high debt-to-income ratio or a short credit history. Easier Qualification: No-money-down mortgages often come with less stringent qualifying requirements compared to traditional mortgages.

VA loan 52

VA loan FHA loan Pre-qualification Debt-to-income ratio 52

HomeLight

JULY 30, 2021

The seller can determine the terms of the option, which may or may not include a pre-set purchase price for the home. A mortgage lender will still want buyers to meet all the standard qualification requirements, including adequate credit, employment, and debt-to-income ratio. Lease-purchase agreements.

Purchase and sale agreement 98

Purchase and sale agreement Debt-to-income ratio Pre-qualification Inspection 98

HomeLight

MAY 31, 2021

One of the first things you’ll want to know is just how much house you can afford , which is based on your income, credit score, debt-to-income ratio (DTI), and savings amount (including your down payment). I had some clients a few years ago that had trouble qualifying because they had a lot of debt.

Mortgages 58

Mortgages Debt-to-income ratio Loans Closing costs 58

HomeLight

DECEMBER 8, 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. Think of it as a temporary loan that taps into the equity of your existing home.

Equity 98

Equity Loans Debt-to-income ratio Home sale contingency 98

The Close

DECEMBER 29, 2022

It generally results in a higher interest rate or additional points, but it’s a way for homeowners to leverage their equity in a property. This works in your client’s favor if they are collecting on investments, but against them when applied to debt. Debt-to-income ratio (DTI). Certificate of eligibility.

Purchase and sale agreement 98

Purchase and sale agreement Title Proof of funds Pre-approval 98