McKissock

JANUARY 31, 2021

Maybe they made a new purchase and their debt to income ratio is too high. Or maybe the underwriter feels that their income and credit score isn’t high enough. There isn’t one loan that fits all. Different types of loans work for different people. This can happen for several reasons.

Debt-to-income ratio 95

Debt-to-income ratio Pre-approval Pre-qualification Loans 95

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

DECEMBER 8, 2023

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. In this post, we’ll provide insights and tips about bridge loans in Ohio. What is a bridge loan, in simple words?

Equity 96

Equity Loans Debt-to-income ratio Home sale contingency 96

HomeLight

MARCH 17, 2021

The planning stage (1 to 3 years before purchase). While you’ll find lots of ways to ballpark your housing budget, the real determiner will be your debt-to-income ratio , or DTI. The lender wants to be sure you can pay back the mortgage plus any other debts you owe, so the bank will calculate your DTI.

Pre-approval 98

Pre-approval Purchase and sale agreement Title Closing 98

HomeLight

JUNE 27, 2022

You’re choosing from pre-set finishes and you may get to choose paint colors, types of flooring , fixture finishes, and appliance packages. These allow you to choose a few paint colors and add-ons, but you will mostly get pre-built features that the builder has already decided on. Tour the model homes. Shop around for your mortgage.

New Construction 86

New Construction Construction Pre-approval Inspection 86

The Close

DECEMBER 29, 2022

Make sure clients who see an acceleration clause in their mortgage contracts understand that this allows their lender to demand repayment of the loan in full if they default on the loan. 4 Loan Questions Worth Asking. Basically, amortization is the preset schedule of mortgage loan payments, including interest, over time.

Purchase and sale agreement 97

Purchase and sale agreement Title Proof of funds Pre-approval 97