Debt-to-income ratio, MLS and Pre-qualification

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Debt-to-income ratio

MLS

Pre-qualification

131 Real Estate Terms & Definitions Your Clients Expect You to Know in 2023

The Close

DECEMBER 29, 2022

Simply put, this measures the number of days a property is for sale, from the day it is listed on the multiple listing service (MLS) to the day a buyer and seller are under contract. Debt-to-income ratio (DTI). Multiple listing service (MLS). Pre-approval. Which is why she’s calling you before breakfast.

Purchase and sale agreement

Purchase and sale agreement Title Proof of funds Pre-approval

This Checklist and Timeline Is Your GPS for Buying a House

HomeLight

MARCH 17, 2021

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. You need an idea of how much house you can afford.

Pre-approval

Pre-approval Purchase and sale agreement Title Closing

Residential Realty Today

131 Real Estate Terms & Definitions Your Clients Expect You to Know in 2023

This Checklist and Timeline Is Your GPS for Buying a House

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