Redfin

JULY 30, 2025

Conventional loans Offered by private lenders such as banks and mortgage companies, Conventional loans are one of the most common choices for first-time buyers. These loans are not government-backed and are known for their competitive rates and terms, making them ideal for borrowers with good credit and financial standing.

Loans

Rochester Real Estate

NOVEMBER 5, 2015

Top Mortgage Blogs From 2017 Best Mortgage & Home Financing Blogs From 2017 We’re back! Top Mortgage Blogs From 2017 Best Mortgage & Home Financing Blogs From 2017 We’re back! This week we’re highlighting the best mortgage blogs from this year!

Finance

Redfin

AUGUST 5, 2025

Waiting periods for mortgage eligibility vary depending on the type of bankruptcy and loan program. Rebuilding credit, saving for a down payment, and reducing debt are crucial steps while preparing to buy a home after bankruptcy. Consider secured credit cards or small installment loans to demonstrate responsible credit use.

Bankruptcy

Redfin

JULY 9, 2025

Getting pre-approved for a mortgage is one of the first steps in the homebuying journey. But if you’re ready to start shopping for a home, you might be wondering: how long does it take to get pre-approved for a mortgage? What is mortgage pre-approval? How long does it take to get pre-approved for a mortgage?

Pre-approval

Housing Wire

JULY 10, 2025

“Marry the house, date the rate” is a phrase that was popularized during the post-pandemic era of rising mortgage rates. This left many to be in an unintentional long-term relationship with their mortgage rate. “Most loans have a typical debt-to-income ratio of approximately 45%.

Debt-to-income ratio

Housing Wire

MAY 7, 2025

The client, who logged into her student loan portal and made a payment, is now in limbo about whether a new credit report needs to be pulled in her 90-day escrow, the loan officer at Guild Mortgage told HousingWire. King says he worries that borrowers could spiral into debt, which could result in bankruptcy.

Loans

Housing Wire

MAY 29, 2024

Earlier this year, New Jersey-based mortgage broker Joe Racamato, president of Silex Financial Group Inc., He wants to know whether the potential borrower has acquired a buy now, pay later (BNPL) loan. She was fortunate enough to have the ability to repay the loans and meet the requirements to qualify for a mortgage.

Debt-to-income ratio

Housing Wire

OCTOBER 10, 2024

Struggling fintech LoanSnap had its mortgage lender license in Connecticut revoked in early October by state authorities, adding to the company’s legal and financial problems. The firm was first licensed to do mortgage business in Connecticut in January 2021 and applied for a renewal in December 2023.

Debt-to-income ratio

Housing Wire

OCTOBER 27, 2020

Your credit plays a huge part in your ability to get a mortgage. It influences what loans you’re eligible for, how much you can take out, and how much you’ll pay in interest over the life of your loan. Myth 2: You can’t buy a house if you have lots of student loan debt. Fortunately, that’s just not true.

Debt-to-income ratio

Housing Wire

NOVEMBER 7, 2023

And how should mortgage firms rethink tech strategy? Below I run down these hot topics and look forward to going deeper with fellow mortgage CEOs on a HousingWire webinar December 5. What’s next for the inflation fight and mortgage rates? Media headlines make borrowers nervous, but lenders make loans. for Q1, 6.6%

Debt-to-income ratio

Keeping Current Matters

DECEMBER 21, 2020

Once you’ve found the right home and applied for a mortgage, there are some key things to keep in mind before you close. Below is a list of things you shouldn’t do after applying for a mortgage. Before you deposit any amount of cash into your accounts, discuss the proper way to document your transactions with your loan officer.

Debt-to-income ratio

Housing Wire

MARCH 30, 2021

They can go online and understand their FICO score, but mortgage credit scores are different. Borrowers don’t always know or understand how their credit or debt-to-income ratio (DTI) impacts the type of loan they can qualify for. “Consumers have access to credit scores, more than ever,” Hydrew said.

Pre-qualification

Housing Wire

JUNE 29, 2022

As market volume dips and pent-up demand builds, 61% of millennials and Gen Zs who intend to buy a home plan to apply for a mortgage this year. As mortgage rates rise, inventory remains low and digital trends accelerate, navigating the changing borrower landscape requires tailored strategies.

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. Riches in the niches. trillion in 2022. 1, 2022.

Debt-to-income ratio

Housing Wire

APRIL 4, 2022

The FHA also insured more than twice as many loans to Black and Hispanic borrowers last year as the rest of the mortgage market combined. As interest rates rise, so do the monthly mortgage payments, which could be problematic for low-to-moderate income borrowers, said Alex Naumovych, loan officer at Draper & Kramer Mortgage.

FHA loan

Housing Wire

AUGUST 26, 2024

When interest rates began skyrocketing more than two years ago, mortgage companies faced a pivotal decision regarding a crucial part of their business: the servicing portfolio. Mr. Cooper estimates it will hold about $132 billion in mortgages at 6% or higher once the acquisition is finalized. billion in debt.

Mortgages

Housing Wire

NOVEMBER 10, 2020

His corner of the Atlanta mortgage market – high-value home loans that wouldn’t be bought by the GSEs – was booming. At that point, Dodson was actively working on a jumbo loan for friends of his from church. And whether you do it or someone else does it, that loan is going to get done.” So you stop.”.

Debt-to-income ratio

Housing Wire

MAY 25, 2022

Between significantly fewer refinances, rising mortgage rates and housing inventory nearly cut in half since 2020, loan officers (LOs) and brokers face a pivotal time where adaptation is a must for success. There’s no question that 2022 has seen serious changes to the housing market. Bracing for the challenges of non-QM.

Debt-to-income ratio

Housing Wire

AUGUST 27, 2021

The story, “The secret bias hidden in mortgage-approval algorithms,” included statements from fair housing activists who concluded that there is “systemic racism” in the mortgage process. Obviously to anyone in the business that’s a big deal given that FICO is a threshold data point that determines eligibility for a mortgage.

Purchase and sale agreement

Housing Wire

JULY 25, 2023

HousingWire recently spoke with Matic CEO and co-founder Ben Madick about the changing home insurance market, how it impacts mortgage lenders and homeowners, and why lenders should pay attention. HW: Why should mortgage companies pay attention to what’s going on in home insurance? Two key trends have emerged in this landscape.

Marketing

Housing Wire

NOVEMBER 8, 2021

After completing countless Veterans Administration (VA) mortgage loan transactions over the years, Chris Pascoe, a Marine veteran turned RE/MAX agent, has developed something of a system. At the end of the day, Pascoe says the process is not all that different than purchasing a home with a conventional mortgage.

VA loan

Point2Homes

OCTOBER 6, 2020

However, when it comes to mortgages, cash can suddenly lose its appeal. That’s because using cash for home deposits could look like fraud and affect your chances of getting a mortgage. Qualifying for a Mortgage. Typically, to be eligible for a mortgage, your debt-to-income ratio must be 43% or less.

Debt-to-income ratio

GeekEstate

JUNE 26, 2022

Landis leverages data to create customized financial plans for our clients so that they can save more money, improve their debt-to-income ratio, increase their credit score, and build a stronger financial foundation. That way, they can then qualify for a mortgage to buy their dream home.

Debt-to-income ratio

Realtor.com

NOVEMBER 11, 2022

Real estate agents agree that long before you peruse listings or check out open houses, you should talk to a lender about your credit score, so that you can secure a mortgage. Here are more step-by-step home-buying details, including information about down payments, closing costs, mortgage rates, pre-approved mortgages, and more.

Pre-approval

Realtor.com

NOVEMBER 28, 2022

designer491/iStock FHA loans, which are insured by the Federal Housing Administration, help home buyers secure financing to buy a home despite their low income, lack of savings, or poor credit scores—the kind of things that often prevent people from getting a conventional loan. You’ll have to pay mortgage insurance.

FHA loan

HomeLight

JUNE 22, 2023

All of these things are stressful and confusing, but you’d be surprised by how many people struggle with the mortgage process. And they need answers to their mortgage questions. As a first-time homebuyer, you’re likely among the 85% of buyers who will apply for a home mortgage instead of paying cash.

Debt-to-income ratio

Realty Biz

JANUARY 4, 2022

In most circumstances, he not only has to make your full mortgage payment but would also owe penalties, late fees, additional interest, etc. It goes beyond being responsible for all your mortgage because your home loan becomes part of his overall debt. Your father might be able to help with other aspects of the loan.

Debt-to-income ratio

HomeLight

NOVEMBER 29, 2023

Applying for a mortgage involves a number of phrases that you might not have ever heard, and when your loan originator asks you whether you want to “lock in your mortgage rate,” you might not have a clue what they mean. What’s a mortgage loan rate lock, anyway? What’s a mortgage loan rate lock, anyway?

Mortgages

HomeLight

SEPTEMBER 1, 2022

Student loan debt doesn’t make it impossible to live out your dream of homeownership; it just makes it a bit more difficult because of its impact on your debt-to-income ratio (DTI), credit score, and down payment savings. Looking to purchase a home in the near future, despite having student loan debt?

Debt-to-income ratio

Realty Biz

SEPTEMBER 30, 2023

Mortgages with Low Credit Scores Mortgages with low credit scores can appear challenging, but there are options available. Understanding how a low credit score affects your mortgage and exploring government-backed programs can help you navigate the process. Can you buy a house with bad credit?

Finance

Realty Biz

MARCH 9, 2021

The extremely low mortgage rates that are advertised on TV, radio, and the internet are typically reserved for people looking to buy a home that they plan to occupy as their main residence. For this reason, Fannie Mae has offered the Family Opportunity Mortgage program to help people in these situations.

Pre-approval

Realty Biz

OCTOBER 20, 2020

You’ve never had trouble qualifying for a mortgage because your credit rating was high, your debt-to-income ratio was good, and you bought a house that you could afford. Now you’re fully retired and want to sell the old family home that still has a mortgage. Possible Obstacles to a Retirement Mortgage.

Mortgages

Broke Agent Media

JANUARY 9, 2023

Home price appreciation has slowed significantly, and this means that homes nearing jumbo loan territory will stay eligible for conforming loans longer than we have seen in the last few years. Zillow Home Loans Senior Economist. Compared to conforming loans—i.e., Nicole Bachaud. Bigger down payments —20% down or higher.

Loans

Realty Biz

JUNE 15, 2022

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. You Need a 20% Down Payment to Get a Mortgage.

Debt-to-income ratio

Realtor.com

NOVEMBER 28, 2022

Getty Images With mortgage interest rates near 7% and home prices hovering at a national median of $425,000, many homebuyers might be wondering how they’ll be able to pay for a property, and searching for ways to reduce costs. Here’s everything you need to know about USDA loans, and whether they’re right for you.

Loans

HomeLight

OCTOBER 15, 2020

You’ve worked hard to improve your credit score , pay down your debts, and save up for a healthy down payment. Finally, you’re ready to buy that dream home and tackle this whole mortgage thing once and for all. What’s a conventional loan? Most homebuyers get a conventional loan. Most buyers use conforming loans.

Loans

HomeLight

SEPTEMBER 21, 2022

You’ll also need to determine how much you can realistically charge in rent while still being able to pay your current mortgage — especially if you plan on taking out an additional mortgage on your new place. If not, then it’s all considered debt, and they won’t let you calculate any of the rental income as income,” she says.

Debt-to-income ratio