Redfin

MAY 5, 2023

Due to the state’s thriving economy, low cost of living, and a growing population, Texas has become a magnet for buyers and investors, which has resulted in median sale prices climbing steadily in recent years. to $341,300 and competition slowing down. And if you find your interest between two cities, fear not.

Purchase and sale agreement 62

Purchase and sale agreement Pre-approval Seller disclosure Earnest money deposit 62

Redfin

MARCH 3, 2022

You’ll want to rethink purchasing that beautiful new couch and hold off on planning those backyard additions before the title has been cleared. Unless you’re submitting an all-cash offer, you’ll need to obtain financing to purchase your home. The home appraisal is lower than the sale price. How to remedy the situation.

Closing 61

Closing Title search Purchase and sale agreement Title 61

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.

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Pre-approval Purchase and sale agreement Title Closing 98

HomeLight

AUGUST 16, 2021

If you earn real estate income, your lender will expect to see it listed in your provided tax returns. If you just started earning real estate income and it’s not yet been taxed, then you may not be able to use it to qualify for a mortgage. Smaller issues like court judgments can also result in not getting your mortgage approved.

Loans 104

Loans Mortgages Bankruptcy Purchase and sale agreement 104

HomeLight

OCTOBER 2, 2020

Buyers with lower credit scores and higher debt-to-income ratios are more likely to face overlays, especially when shopping at the very top of their price range. Overlays are lender-specific, so switching lenders may make sense if you’re worried about your loan not being approved. Your house didn’t appraise.

Closing 72

Closing Mortgages Closing costs Loans 72

Housing Wire

AUGUST 27, 2021

The story, “The secret bias hidden in mortgage-approval algorithms,” included statements from fair housing activists who concluded that there is “systemic racism” in the mortgage process. For example, on a 95% LTV purchase with a 640 FICO, there is an additional 275 bp fee added on top of the base g-fees and MI expense.

Debt-to-income ratio 387

Debt-to-income ratio Purchase and sale agreement Pre-approval Loans 387

Redfin

FEBRUARY 10, 2021

Later in the year, the worst of the pandemic will hopefully be behind us, and as businesses reopen and daily activities become safer, a new batch of homebuyers and sellers will enter the housing market, making for the strongest year of home sales since 2006. ”. There is a shortage of homes for sale. We’re in a seller’s market.

Debt-to-income ratio 72

Debt-to-income ratio Pre-approval Inspection Purchase and sale agreement 72

Redfin

AUGUST 3, 2022

Homeownership offers stability and a sense of security and safety, but the process of making the biggest purchase of your life can seem overwhelming. Here are the steps to determine how much house you can afford: First, determine your debt to income ratio (DTI). Save for a down payment.

Pre-approval 72

Pre-approval Purchase and sale agreement Title Debt-to-income ratio 72