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15 Mortgage Questions to Ask Lenders Before Buying a House

HomeLight

Debt-to-income ratio After looking at how much money is flowing into your household, you’ll want to write down your monthly debts. That’s because lenders will also look at your debt-to-income ratio, or DTI. That number will be your debt-to-income ratio.

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8 Common Misconceptions That First-Time Home Buyers Have

Realty Biz

A fixed-rate mortgage is stable for 15 to 30 years, but rents may increase on average as much as 5% per year. . Money spent on a mortgage each month is building equity in something you’ll eventually own, and is a foundational means to growing wealth. Student Loan Debt Must Be Paid off.

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Should You Refinance or Sell Your Home?

Windemere Selling

Lower interest rates, after a reassessment of your mortgage, equate to lower monthly mortgage payments and significant savings over the life of the loan. Paying for repairs, home inspections, staging expenses, agent commissions, not to mention buying or renting your next home.

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51 Brilliant Real Estate Tips for Buyers to Edge Past the Competition

HomeLight

You can usually shop around for the home inspection , title and settlement services, and home insurance. Fixed-rate mortgages are more predictable, and they work better for buyers who plan to be in the home for a longer period of time. Adjustable-rate interest. Definitely include an inspection contingency.

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FHA Guidelines

Real Estate Finance HQ

Housing Ratio. Debt to Income Ratio. Mortgage Insurance. Interest Rates. Mortgage Limits. Home Inspection Guidelines. 620 and above: Usually will have their pick of FHA mortgage products and lenders. Debt-to-income ratio. Home Inspection Guidelines.

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Today’s Mortgage Rates: February 27, 2025 – Rates Continue to Drop

Marco Santarelli

Mortgage rates are the cost associated with borrowing money from lenders to purchase a home. Understanding the different types of mortgage rates and their dynamics is vital for making informed financial decisions. Higher credit scores can lead to lower interest rates.

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Land of the First Boardwalk: Down Payment Assistance in New Jersey

HomeLight

Many VA loans offer a 30-year fixed-rate mortgage loan, competitive interest rates, and generally require no down payment. That being said, qualifying may include: Low- to middle-income requirements. May need to show income and debt-to-income ratio. Veterans Administration loans.

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