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.

Debt-to-income ratio 393

Debt-to-income ratio Lending Pre-qualification Loans 393

Realty Biz

SEPTEMBER 30, 2023

Seek professional advice: Working with a mortgage professional, such as a loan officer or mortgage broker, can provide valuable guidance. They can help you navigate the mortgage process and identify suitable options based on your financial situation and provide you with a pre-approval.

Finance 97

Finance Debt-to-income ratio FHA loan Mortgages 97

Redfin

APRIL 7, 2023

Get pre-approved for a mortgage My advice to first-time homebuyers is to find a good loan officer and get pre-approved, fully underwritten approval is best. Work with that loan officer and their agent to understand what timeframes they’re comfortable with in an offer.

Pre-approval 59

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

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 60

Mortgages Debt-to-income ratio Loans Closing costs 60

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. Borrowers can go into delinquency if they have stopped paying their monthly mortgage loan payments for a certain time period. Debt-to-income ratio (DTI). Due diligence period.

Purchase and sale agreement 97

Purchase and sale agreement Title Proof of funds Pre-approval 97