Debt-to-income ratio Pre-approval Purchase and sale agreement Title search 
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.
HomeLight
MARCH 17, 2021
The planning stage (1 to 3 years before purchase). It takes a lot of planning and preparation, possibly even some soul-searching, to decide what’s the right move in your situation. While you’ll find lots of ways to ballpark your housing budget, the real determiner will be your debt-to-income ratio , or DTI.
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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.
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. Determining how much house you can afford is the first step in the home buying checklist – setting a realistic budget will relieve stress in the long run and help narrow your home search.
The Close
DECEMBER 29, 2022
This tool, also known as a like-kind exchange, allows investors to defer paying capital gains taxes on a sale. ” If a property is active contingent, a buyer has submitted an offer to purchase a property, but the sale won’t be finalized until certain conditions, or contingencies, are met. Clear title. Call option.
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