RIS Media

JUNE 3, 2021

But, according to a recent study by Lending Tree, even though most mortgage refinances were approved at the start of 2021, many were denied. Those who could not get refinanced were declined for many of the same reasons, from a high debt-to-income ratio to poor or no credit history. High Debt-to-Income Ratio .

Debt-to-income ratio 105

Debt-to-income ratio Principal Lending Equity 105

Housing Wire

JANUARY 4, 2022

Pontiac, Michigan-based United Wholesale Mortgage (UWM) capitalized on a booming private-label market in 2021 by sponsoring its inaugural securities transaction this past May, a prime jumbo deal involving 508 mortgages with an aggregate principal balance of $351.9 to 72% across the three deals in a market with fast-rising home prices.

Marketing 325

Marketing Debt-to-income ratio Loans Mortgages 325

Redfin

JULY 11, 2023

You then make monthly payments, including principal and interest, over an agreed-upon term (usually 15 to 30 years) until the loan is fully repaid. Once the borrower’s equity reaches 20%, PMI can be canceled. How does a mortgage work? The interest rate and term length determine the amount of your monthly payments.

Pre-approval 59

Pre-approval Mortgages Pre-qualification Debt-to-income ratio 59

HomeLight

JUNE 22, 2023

Why must there be so many lending companies, all of which have different requirements and terms? Debt-to-income ratio After looking at how much money is flowing into your household, you’ll want to write down your monthly debts. That’s because lenders will also look at your debt-to-income ratio, or DTI.

Debt-to-income ratio 86

Debt-to-income ratio Mortgages FHA loan Loans 86

Housing Wire

DECEMBER 15, 2022

Fannie had outstanding loan-repurchase requests to mortgage lenders totaling $939 million based on unpaid principal balance (UPB) as of Sept. Spread across a multitrillion dollar mortgage-lending industry, the volume of repurchase requests stemming from alleged reps and warranties violations so far may not seem like a huge number.

Loans 367

Loans Debt-to-income ratio Purchase and sale agreement Mortgages 367

HomeLight

MARCH 30, 2021

We’ve combed through the lending data and talked to some real estate and money experts, too, to help you figure out exactly what you need to do to avoid being house poor — before you sign on that dotted line. Principal : The principal of the loan is the amount you borrowed to buy the house. Minimize your debt.

Debt-to-income ratio 109

Debt-to-income ratio Principal Loans Mortgages 109

HomeLight

OCTOBER 11, 2021

The FHA sets loan limits, or maximum lending amounts. In addition to your mortgage loan interest and principal, lenders also collect money each month that they put into escrow to pay your homeowners insurance. How much income do you earn relative to your debts? How much house can you afford if you’re getting an FHA loan?

FHA loan 79

FHA loan Loans Debt-to-income ratio Closing costs 79