Realtor.com

FEBRUARY 11, 2021

If you haven’t done so already, now is the time for each of you to come clean about any debt you may have, since that can make or break your ability to get approved for a mortgage. One of the things mortgage lenders look at when you apply for a home loan is your debt-to-income ratio. Watch out for red flags.

Debt-to-income ratio 132

Debt-to-income ratio Tenancy in common Purchase and sale agreement FHA loan 132

Realty Biz

JANUARY 19, 2024

By following these steps, you can easily navigate the real estate market. From three decades working as a Realtor, there are common denominators for first-time home buyers going through the purchase process with ease. This includes understanding the terminology, legal aspects, and financial considerations of purchasing a property.

Debt-to-income ratio 100

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

HomeLight

NOVEMBER 16, 2021

This step includes a credit and background check, income verification documents, and requires an application fee. Buyers will need to meet Home Partners’ minimum FICO requirement, which varies by market, and a maximum debt-to-income ratio (DTI) of 45% to be approved. Source: (Roger Starnes Sr / Unsplash).

Purchase and sale agreement 87

Purchase and sale agreement Pre-approval Debt-to-income ratio Pre-qualification 87

HomeLight

OCTOBER 15, 2020

is for sale. Many wishful homeowners would just keep on driving and try to forget that their dream home is on the market … but you know how to apply for a USDA loan, so you turn your car around and head home to do just that. These loans — like FHA and VA loans — are backed by the government.

Loans 84

Loans Purchase and sale agreement Loan Officer Debt-to-income ratio 84

HomeLight

JUNE 30, 2022

For example, it may be worth strategically paying down some of your debt or disputing any errors on your credit report before purchasing a home. These events may not necessarily prevent you from buying a house, but there may be a time limit required from the time the event happened until you can purchase a home with a mortgage.

Purchase and sale agreement 76

Purchase and sale agreement Inspection Earnest money deposit Closing costs 76

Redfin

FEBRUARY 10, 2021

What to Expect for the Housing Market in 2021. housing market is different. While the economy expands and contracts, the housing market reacts, producing buyers and seller’s markets. The housing market will remain strong through 2021 as the economy recovers from the pandemic-driven recession.

Debt-to-income ratio 75

Debt-to-income ratio Pre-approval Inspection Purchase and sale agreement 75

HomeLight

NOVEMBER 29, 2021

Unfortunately, a tight real estate market with little inventory can make it challenging to find a house that fits your budget. The amount varies, but it is usually based on a percentage of the home’s purchase price. In most housing markets (and New Jersey is no exception) it’s all about location, location, location.

Land 93

Land Closing costs Purchase and sale agreement Loans 93