Windemere Selling

JUNE 13, 2022

Homeowners can often reach a financial fork in the road when they must decide to either refinance their existing mortgage or sell their home. Each route has its respective advantages depending on your financial health, the mortgage rate market , and the future needs of your household.

Debt-to-income ratio 52

Debt-to-income ratio Fixed-rate mortgage Loans Principal 52

HomeLight

OCTOBER 15, 2020

Conforming loans are mortgages that conform to financing standards set by the federal government, and can therefore be purchased by Fannie Mae and Freddie Mac. Maximum debt-to-income ratio of 43% (this is known as DTI, and it looks at how much debt you pay each month versus how much income you bring in).

Loans 95

Loans FHA loan Debt-to-income ratio VA loan 95

Marco Santarelli

OCTOBER 15, 2023

If you are thinking of buying a home or refinancing your existing mortgage, you might be wondering why mortgage rates are so high in 2023. Mortgage rates have been climbing steadily since December 2021, when they hit a record low of 2.97%. Why are Mortgage Rates Going Up in 2023?

Mortgages 52

Mortgages Debt-to-income ratio Fixed-rate mortgage Loans 52

Point2Homes

NOVEMBER 8, 2020

As tempting as the current low rates are, it’s best to start off by asking yourself how refinancing your mortgage will benefit you. Are you trying to switch from an adjustable-rate to a fixed-rate mortgage? Perhaps you’re looking for a lower interest rate, or to turn your 30-year loan into a 15-year one.

Debt-to-income ratio 75

Debt-to-income ratio Mortgages Fixed-rate mortgage Closing costs 75

Realty Biz

DECEMBER 30, 2022

It'll also help you get access to the best mortgage rates around. If you're trying to figure out how to finance your home at the moment, we're going to break down some of the most common types of mortgage loans for you. You will stick with this rate as you spend the next 15 or 30 years paying down your mortgage loan.

Loans 69

Loans FHA loan Mortgages Debt-to-income ratio 69

Housing Wire

AUGUST 7, 2023

Since 2008, the number of private secondary mortgage providers has reduced dramatically, and those that remain in the market generally purchase jumbo loans from more affluent borrowers. Independent mortgage bankers use lines of credit to fund all of their loans and therefore must sell them promptly on the secondary mortgage market.

Closing 370

Closing Fixed-rate mortgage Debt-to-income ratio Lending 370

HomeLight

JUNE 16, 2023

If you’re a homeowner with consumer or student debt, it’s tempting to tap into your home’s equity with a cash-out refinance to pay down these balances. In some instances, prioritizing paying off your high-interest debt over your fixed-rate mortgage can expedite your journey to financial freedom.

Fixed-rate mortgage 61

Fixed-rate mortgage Equity Debt-to-income ratio Loans 61

HomeLight

MARCH 11, 2022

For buyers, that’s not always good news: Massachusetts’ popularity means the state has a competitive housing market. Both Boston and Cambridge host strong, stable housing markets, and you’ll pay top dollar to live in either city. At the same time, buyers should be thoughtful about this state’s rural housing market.

Closing costs 93

Closing costs Debt-to-income ratio Fixed-rate mortgage Loans 93

Redfin

FEBRUARY 11, 2021

When you apply for a mortgage , your lender may ask if you’re going to put up 20% of the home’s sale price as a down payment. Depending on your local housing market , this can be a significant amount that not every homebuyer can afford. Qualified veterans can finance 100% of their home purchase with no PMI requirement.

Debt-to-income ratio 65

Debt-to-income ratio VA loan Fixed-rate mortgage Loans 65

The Close

DECEMBER 29, 2022

Furthermore, in today’s market, understanding our complex mortgage industry could actually help you close more deals and maybe even save clients money. So we’ve included a handy download with questions your clients should ask their mortgage broker. It’s often presented as a percentage of the fair market value. Assignment.

Purchase and sale agreement 97

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

Real Estate Finance HQ

AUGUST 25, 2017

The FHA, a unit of the Department of Housing and Urban Development, was created in 1934 specifically to help low- and moderate-income families obtain financing for home ownership. Housing Ratio. Debt to Income Ratio. Mortgage Insurance. Interest Rates. Mortgage Limits. Housing Ratio.

FHA loan 40

FHA loan Debt-to-income ratio Inspection Loans 40

HomeLight

AUGUST 28, 2020

homeowners don’t even know what their mortgage rate is , much less how it’s factored. We spoke to John Boyles, HomeLight’s Head of Capital Markets, to walk us through the basics of mortgage rates, so you can make an informed decision when it comes to your home purchase. GSEs and secondary mortgage markets.

Mortgages 82

Mortgages Loans Fixed-rate mortgage Principal 82

HomeLight

NOVEMBER 29, 2021

Unfortunately, a tight real estate market with little inventory can make it challenging to find a house that fits your budget. In today’s market, it’s not uncommon for sellers to get multiple offers, which can result in a bidding war,” he explains. “A Source: (Joey Pedras / Unsplash). What determines home prices? Homeowners taxes.

Land 90

Land Closing costs Purchase and sale agreement Loans 90

HomeLight

JANUARY 27, 2021

Ready to hit the market, buy your dream home and conquer this whole homeownership thing? But there’s so much to keep track of along the way: hiring an agent, getting a mortgage, making offers, and closing the deal. They’ll have specialized market information that others won’t. Home financing. First time purchasing a home?

Closing costs 117

Closing costs Loans Inspection Earnest money deposit 117