HomeLight

JANUARY 27, 2021

Home financing. Your mortgage payment is more than just the cost of the principal and interest on your loan. Make sure you budget for the entirety of your monthly mortgage payment, not just your principal and interest! Whatever your needs, make sure you find the right agent with the personality and work style to meet them.

Closing costs 117

Closing costs Loans Inspection Earnest money deposit 117

HomeLight

JUNE 30, 2022

Line up financing. It’s important to line up financing well in advance of when you want to start making offers. Be sure to do your research to find a reputable lender who can guide you through financing your first home purchase. So you want to buy a house, but how are you going to pay for it?

Purchase and sale agreement 73

Purchase and sale agreement Inspection Earnest money deposit Closing costs 73

Redfin

FEBRUARY 10, 2021

Money that is not going against the principal of your mortgage. Have a Healthy Debt-to-Income Ratio (DTI). Another key component banks consider when issuing loans, is your debt-to-income ratio. So what is a healthy debt-to-income ratio when applying for a home loan?

Debt-to-income ratio 75

Debt-to-income ratio Pre-approval Inspection Purchase and sale agreement 75