AAOA

MARCH 24, 2025

Research potential locations and secure financing options. Consider partnering with a local real estate agent who knows your desired areas housing market, industry trends, and rental dynamics. Be prepared to provide documentation like bank statements and federal tax returns to verify your income sources.

Property Management

Redfin

FEBRUARY 24, 2025

Market conditions: Fluctuations in the construction industry due to material costs, labor availability, supply chain issues, and economic factors can impact building expenses. Financing and closing costs: If you’re financing the land purchase or construction, anticipate paying 2% to 5% of the loan amount in closing costs.

Debt-to-income ratio

Redfin

JULY 8, 2025

This means the lender is taking one final peek to ensure that: You haven’t taken on any new debts , such as opening a new credit card or financing a car, which could affect your debt-to-income ratio. If you know something has changed in your credit or finances, don’t wait; contact your lender immediately.

Debt-to-income ratio

Marco Santarelli

MAY 24, 2025

Competition Among Lenders: While macroeconomic factors are primary drivers, the level of competition within the mortgage industry can also play a role in the rates offered to borrowers. Strengthen Your Financial Profile: Improving your credit score and reducing your debt-to-income ratio can help you qualify for better interest rates.

Mortgages

Rochester Real Estate

NOVEMBER 5, 2015

Are your finances ready to buy a home, or will you be better off renting for a few more years? Final Loan Approval Before you close on the home, avoid making any changes to your finances that could undermine your approval. Don’t apply for new credit that might make your debt-to-income ratio worse before you close on the home.

Purchase and sale agreement

Marco Santarelli

MAY 14, 2025

Washington: Fueled by the tech industry and strong job growth, Washington's real estate market offers decent mortgage rates. Always remember that the actual rate you secure will depend on your individual circumstances, including your: Credit score Income Down payment Debt-to-income ratio What Factors Influence Mortgage Rate Fluctuations?

Mortgages

Redfin

JULY 2, 2025

Same industry, similar role If you switched to a new job in the same field, especially with a pay increase, most lenders won’t see it as a problem. Changing jobs after mortgage pre-approval If you switch jobs after getting preapproved , your lender will likely need to reverify your income and employment.

Pre-approval

Marco Santarelli

APRIL 24, 2025

State Regulations: Each state has its own set of regulations governing the mortgage industry. Income: Lenders want to see that you have a stable income and can comfortably afford your mortgage payments. Debt-to-Income Ratio (DTI): This compares your monthly debt payments to your gross monthly income.

Mortgages

Marco Santarelli

JULY 2, 2025

The mortgage industry is competitive, and different lenders can offer significantly different rates based on their individual business strategies and customer profiles. Understanding Your Financial Position : Your credit score, income levels, and debt-to-income ratio significantly affect the rates you may be offered.

Mortgages

Marco Santarelli

MAY 2, 2025

State Regulations: Each state has its own set of rules and regulations governing the mortgage industry. Economic Factors: Local economic conditions, such as unemployment rates or industry downturns, can impact lender risk assessments and, consequently, mortgage rates. What Makes Mortgage Rates Tick?

Mortgages

Marco Santarelli

JUNE 17, 2025

These rates often come with catches like: Paying points upfront Requiring an exceptionally high credit score Being limited to very small loan amounts Remember, the rate you actually qualify for will depend on your individual circumstances, including your credit score, income, debt-to-income ratio, and the size of your down payment.

Mortgages

Rochester Real Estate

NOVEMBER 5, 2015

Increasing Your Debt Part of the lender’s calculation is your debt-to-income ratio. Your income compared to your debts shows the lender how much you can afford. If you take on more debt, you will reduce the loan amount you qualify for. He works for RE/MAX Executive Realty in Hopkinton Massachusetts.

Debt-to-income ratio

Norada Real Estate

JULY 2, 2025

The mortgage industry is competitive, and different lenders can offer significantly different rates based on their individual business strategies and customer profiles. Understanding Your Financial Position : Your credit score, income levels, and debt-to-income ratio significantly affect the rates you may be offered.

Mortgages

Marco Santarelli

JULY 23, 2025

State-Level Regulations : Each state has its own set of rules and regulations governing the mortgage industry. The actual rate you qualify for will depend on your individual circumstances, including your credit score, income, and debt-to-income ratio. Invest in Real Estate in the Top U.S.

Mortgages

Marco Santarelli

JUNE 18, 2025

State-Specific Regulations: Each state has its own set of regulations governing the mortgage industry. If people in a certain state are purchasing larger, more expensive homes, the risk assessment and rates might fluctuate accordingly. Lender Risk Management: Every lender has its own internal risk assessment and management strategies.

Mortgages

Marco Santarelli

JUNE 11, 2025

State Regulations: Each state has its own set of regulations governing the mortgage industry. Average Loan Size: The size of the average mortgage loan can also play a role. States with higher property values might see lenders adjusting rates accordingly. Lender Risk Management: Ultimately, it boils down to how lenders manage risk.

Mortgages

Marco Santarelli

MAY 13, 2025

State-Level Regulations: Each state has its own set of regulations governing the mortgage industry. Your Income and Debt-to-Income Ratio (DTI): Lenders will assess your income and existing debt to ensure you can comfortably afford the monthly mortgage payments.

Mortgages

Marco Santarelli

MARCH 6, 2025

LTV (Loan-to-Value Ratio): This compares the amount of the loan to the appraised value of the home. Debt-to-Income Ratio (DTI): The ratio of your monthly debt payments to your gross monthly income. Lenders use this to assess your ability to repay the loan. A lower DTI is better.

Mortgages

Marco Santarelli

MAY 22, 2025

State Regulations: Each state has its own set of regulations governing the mortgage industry. Your Individual Profile Matters: The rate you ultimately secure will depend on your credit score, income, debt-to-income ratio, and the size of your down payment. Don't just settle for the first rate you see.

Mortgages

Marco Santarelli

JUNE 5, 2025

State Regulations: State-specific laws and regulations governing the mortgage industry can also play a role in determining interest rates. Average Loan Size: The average loan size in a state can also influence rates. Larger loans may come with slightly different rates than smaller ones.

Mortgages

Marco Santarelli

JULY 10, 2025

State Regulations: Each state has its own set of regulations governing the mortgage industry, which can indirectly affect rates. The rate you actually secure will depend on your credit score, income, debt-to-income ratio, loan amount, and down payment. Larger loan amounts might be viewed differently by lenders.

Mortgages

Marco Santarelli

MARCH 10, 2025

Debt-to-Income Ratio : Lenders look at your total debt-to-income ratio when determining your eligibility for a mortgage. Keeping this ratio low could aid in securing better rates. Lenders reward those with better credit by offering more favorable mortgage terms.

Debt-to-income ratio

Housing Wire

JANUARY 20, 2023

The Federal Housing Finance Agency this week made a series of significant changes to loan level pricing adjustment (LLPA) fees charged by Fannie Mae and Freddie Mac on conventional/conforming mortgages. The changes are effective starting May 1, 2023.

Debt-to-income ratio

Housing Wire

MAY 29, 2024

For his client, who had many BNPL loans on her bank statement, paying them off made a significant difference since her debt-to-income ratio was too high. This type of short-term financing became popular during the COVID-19 pandemic when people — mainly young and underserved consumers — were stuck at home and shopping online.

Debt-to-income ratio

Housing Wire

AUGUST 22, 2020

According to reporting by the Wall Street Journal on Saturday, the Federal Housing Finance Agency has been communicating with mortgage industry groups about delaying the implementation of a fee which would add a 0.5% surcharge to refinance mortgages sold to Fannie Mae and Freddie Mac starting Sept.

Debt-to-income ratio

Housing Wire

MARCH 4, 2021

.” The bureau said: “extending the mandatory compliance date of the general QM final rule would allow lenders more time to offer QM loans based on the homeowners’ debt-to-income ratio, and not solely based on a pricing cut-off.”. What’s At Risk?

Debt-to-income ratio

Housing Wire

MARCH 15, 2023

Following a chorus of complaints from the mortgage industry, the Federal Housing Finance Agency (FHFA) on Wednesday announced that it would delay the implementation of a new and controversial upfront fee on Fannie Mae and Freddie Mac borrowers with higher debt-to-income ratios.

Debt-to-income ratio

Housing Wire

MARCH 3, 2024

The market in which these folks purchased their first home was one of record house prices, ballooning down payments , rising rates and elevated debt-to-income ratios (DTIs). When it comes to retaining the business of refinancing homeowners, the industry has a lot of ground to make up.

Loans

Housing Wire

SEPTEMBER 17, 2024

The spread on mortgage-backed securities (MBS) trouble many industry professionals, and at a recent roundtable discussion, it spurred an interesting discussion on the degree of risk being absorbed by Fannie Mae and Freddie Mac. At policy panels held by the Community Home Lenders of America (CHLA) on Monday in Washington, D.C.,

Debt-to-income ratio

Housing Wire

FEBRUARY 5, 2024

Under such a scenario, more than half would be homeowners who financed in 2023, with less than 10% coming from 2022-vintage loans. of the median household income, the average payment is down from a 38-year high of more than 38% in October. million to 3.8 Nearly 60% of that growth would come from loans originated in 2023, ICE projected.

Debt-to-income ratio

Housing Wire

AUGUST 11, 2020

By providing an exception to the general QM loan definition’s strict 43% debt-to-income ratio threshold and rigid income and debt verification criteria, the GSE patch facilitates access to affordable mortgage credit for credit-worthy borrowers who fall outside the requirements of the general QM definition.”.

Debt-to-income ratio

Housing Wire

AUGUST 8, 2024

Although there is no doubt that business practice changes outlined in the National Association of Realtors’ (NAR) nationwide commission lawsuit settlement agreement are going to impact how real estate industry professionals operate, economists aren’t too sure they’ll have much bearing on the housing market. “I

Debt-to-income ratio

Housing Wire

APRIL 26, 2023

Federal Housing Finance Agency (FHFA) Director Sandra Thompson issued a statement Tuesday to correct the misinformation that’s spread about the agency’s loan-level pricing adjustments to conventional mortgages. No change is more controversial than the LLPA tied to a borrower’s debt-to-income ratio.

Debt-to-income ratio

Housing Wire

AUGUST 22, 2024

We also had several conversations on this issue when I was Vice President for Federal Policy and Industry Relations at the National Association of Realtors. The reality is that financing commissions are unfeasible. This assumption is fundamentally flawed.

Debt-to-income ratio

Housing Wire

JANUARY 14, 2022

While layoffs sweep the mortgage industry, particularly consumer-direct lenders, non-qualified mortgage (non-QM) lenders are going on a hiring spree. Non-QM lenders Angel Oak Mortgage , Acra Lending and Newfi alone currently have at least 130 openings on jobs listings sites. The new rule is slated to be implemented on Oct. 1, 2022.

Debt-to-income ratio

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? When it comes to business growth this year and beyond, industry experts agree that 2022 is the year of the non-qualified mortgage (non-QM) loan.

Debt-to-income ratio

Housing Wire

AUGUST 23, 2023

Following a merger with special purpose acquisition company (SPAC) Aurora Acquisition Corp , Better Home & Financing Co. In that time, the market, the industry and the consumer changed dramatically. Garg: It took us six years to do $100 billion of refinances and to build an industry leader in refinances.

Debt-to-income ratio