Realty Biz
SEPTEMBER 30, 2023
Let's delve deeper into these topics to guide you towards an affordable home financing solution. They can help you navigate the mortgage process and identify suitable options based on your financial situation and provide you with a pre-approval. Get pre-approved: Before house hunting, consider getting pre-approved for a mortgage.
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? More people are diversifying their income streams and opting to work for themselves or through real estate investments.
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Windemere Buying
JUNE 7, 2021
Getting pre-approved is a great first step for buyers, but there can be a number of hurdles in the process. Pre-approval is broken down into two steps: pre-qualification and pre-approval. Image Source: Getty Images 5 Mistakes to Avoid After Pre-Approval Being pre-approved doesn’t mean buyers are all set.
Realty Biz
DECEMBER 12, 2022
There is quite a bit to know about financing the purchase of a home. Mortgage Pre-Approval and Pre-Qualification Are Not The Same. Stay Comfortably Within Your Debt-to-Income Ratio. One of the most important things lenders look at when granting mortgages is a borrower's debt-to-income ratio or DTI.
HomeLight
OCTOBER 22, 2021
You may be wondering how affordability calculators work if you’re ready to get some numbers down on paper before showing up for a pre-qualification meeting with a lender. Debts: How much of your income is going toward monthly minimum debt payments? Source: (Joshua Hoehne / Unsplash). What’s the 28/36 rule?
HomeLight
AUGUST 31, 2020
VA loans also offer even more benefits, like better interest rates and less strident qualifications — but as the name indicates, they are only available to current military members or veterans (or their spouses). USDA Rural Development loans also allow for 100% financing (or 0% down). down and a minimum credit score of 580.
Marco Santarelli
OCTOBER 6, 2023
Some lenders may require higher scores, especially for borrowers with other risk factors, such as a high debt-to-income ratio or a short credit history. Easier Qualification: No-money-down mortgages often come with less stringent qualifying requirements compared to traditional mortgages.
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