Housing Wire
MAY 2, 2023
The most controversial change was the addition of the LLPA tied to a borrower’s debt-to-income ratio, which will charge a fee for borrowers with a DTI at 40% or higher. Their agenda of equity over equality defies common sense and will endanger the stability of the housing market. Andy Biggs (R-Ariz.),
Housing Wire
NOVEMBER 7, 2023
This implies easing inflation next year, and mortgage rates near 6% would help affordability issues caused by two things: The inflation fight has fueled the mortgage rate spike Low inventory and a steady job market have put a floor on home prices The good news is that GSEs remain committed to loan approval guidelines that help in these tough cycles.
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Realtor.com
NOVEMBER 28, 2022
Because the federal government insures these loans, borrowers must pay an upfront mortgage insurance premium (MIP). Currently, the fee is 1.75%—that’s $4,375 on a $250,000 home loan. However, once you’ve accrued 20% equity in the home, the MIP should drop off from your mortgage payments.
Housing Wire
MAY 25, 2022
Between significantly fewer refinances, rising mortgage rates and housing inventory nearly cut in half since 2020, loan officers (LOs) and brokers face a pivotal time where adaptation is a must for success. This loan allows borrowers to buy additional investment properties with less documentation than conventional loans.
GeekEstate
JUNE 26, 2022
Landis leverages data to create customized financial plans for our clients so that they can save more money, improve their debt-to-income ratio, increase their credit score, and build a stronger financial foundation. Mortgage loan officers send us their clients who aren’t quite ready for a mortgage yet.
Realty Biz
JANUARY 4, 2022
Without including him on the title, your father would never be able to own the home, refinance it, or use it to guarantee a loan for himself. The loan on your home would count against his debt-to-income ratio, he may even have trouble qualifying for a personal loan for which he otherwise would qualify.
HomeLight
JUNE 22, 2023
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. That number will be your debt-to-income ratio.
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