Housing Wire

MARCH 30, 2021

It’s no secret credit scores can hinder a potential borrower’s ability to qualify for the best loan program, which can ultimately lead to poor borrower satisfaction. 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.

Pre-qualification 431

Pre-qualification Debt-to-income ratio Pre-approval Loan Officer 431

HomeLight

DECEMBER 8, 2023

If you’re juggling the sale of your current Ohio home with the purchase of a new one, it might feel like walking a financial tightrope. However, there’s a financial tool that could be the key to seamlessly aligning these moving parts: a bridge loan — empowering you to purchase your new home before selling your current one.

Equity 90

Equity Loans Debt-to-income ratio Home sale contingency 90

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. However, not all LOs and brokers are set up to take on an influx of non-QM business. Bracing for the challenges of non-QM.

Debt-to-income ratio 350

Debt-to-income ratio Lending Pre-qualification Loans 350

HomeLight

FEBRUARY 12, 2021

You’ve just received the first offer on your home — and it’s backed by an FHA loan. So what do you need to know about FHA loans as a seller? Today, FHA loans represent a fair share of the mortgage market; in 2018, the FHA insured 12.1% FHA loans help make homeownership more accessible. of all mortgage originations.

FHA loan 107

FHA loan Loans Pre-approval Pre-qualification 107

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. Its purpose is to help give you an idea of how much home you can afford with a home loan. Income: This is your gross annual income before taxes.

Pre-qualification 86

Pre-qualification Pre-approval VA loan FHA loan 86

Windemere Buying

OCTOBER 18, 2021

Not getting pre-approved Getting pre-approved is a key component of the early stages of the buying process and will help to maximize your chances of getting your offer accepted. Because new credit changes your debt-to-income ratio, lenders will likely want to review your mortgage approval and your risk of non-payment.

Pre-approval 52

Pre-approval Pre-qualification Debt-to-income ratio Inspection 52

HomeLight

NOVEMBER 16, 2021

Through the Home Partners program, prospective rent-to-own homebuyers start by filling out a pre-qualification application. This step includes a credit and background check, income verification documents, and requires an application fee. They must be traditional sales or for sale by owner (FSBO) homes.

Purchase and sale agreement 78

Purchase and sale agreement Pre-approval Debt-to-income ratio Pre-qualification 78