Housing Wire

JULY 11, 2025

My job as a loan officer is to help people prep and plan to buy a house. The Federal Reserve’s Q1 report on Household Debt and Credit shows that, on average, each American household has over $8980 in credit card debt, $12,480 in auto loans, $12,404 in student loans, and $4110 in retail cards and personal loans.

Debt-to-income ratio 422

Debt-to-income ratio VA loan Seller concession Sales 422

Realty Biz

JANUARY 19, 2024

Research different types of mortgages available, such as conventional, FHA, or VA loans. This will give you a better understanding of the loan amount you qualify for and the potential monthly payments. Many first-time home buyers have low credit scores and need help with high debt-to-income ratios.

Debt-to-income ratio 100

Debt-to-income ratio Pre-approval Purchase and sale agreement Inspection 100

The Close

FEBRUARY 20, 2024

When lenders look at approving buyers for a mortgage, they traditionally calculate the monthly payment amount to stay within a certain debt-to-income ratio. Interest rate changes can affect your budget for a home by $25,000 or more. That’s the price of a new car! What is absorption & absorption rate?

Marketing 98

Marketing Debt-to-income ratio MLS Pre-approval 98

Redfin

MARCH 3, 2022

It’s recommended to get pre-approved before house hunting to give yourself a realistic idea of how much home you can afford ; however, a mortgage pre-approval doesn’t guarantee that your loan application will be approved. Give your loan officer full disclosure from the start – tell us everything. How to remedy the situation.

Closing 63

Closing Title search Purchase and sale agreement Title 63

Inman

MAY 20, 2025

Nearly twice as many Realtor.com visitors say they would be more likely to buy if a recession hits compared to the share who say they'd be less likely to buy if the economy fails, new polling shows.

Debt-to-income ratio 159

Debt-to-income ratio Seller concession Inspection Loans 159