Remove Earnest money deposit Remove Mortgages Remove Pre-qualification
article thumbnail

Stop Making These Real Estate Videos (And What to Do Instead)

BAM Media

Im talking about those generic educational videosthings like 5 Tips for First-Time Homebuyers, What Is a Balloon Mortgage? or The Difference Between Pre-Approval and Pre-Qualification. Very rarely do people log on thinking, I really hope I learn something about earnest money deposits today!

article thumbnail

The Four Most Common Reasons Home Buyers Back Out of Real Estate Transactions

CT Homes

There is a huge difference between a pre-qualification and a pre-approval. Most lenders or mortgage companies will issue a pre-qualification letter after reviewing the credit report and taking verbal information on income, assets and employment. Financing Issues.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Can You Submit Multiple Offers On Homes At Once – A Legal And Ethical Analysis

Rochester Real Estate

Factors such as earnest money deposits, loan approvals, and real estate agent involvement should be considered. Begin by confirming your loan approval and securing a complete and documented pre-approval from your lender. This includes considering financial stability, loan pre-approval, and contingencies.

article thumbnail

The Best Mortgage Blogs From 2017 | Advice For Home Financing

Rochester Real Estate

Top Mortgage Blogs From 2017 Best Mortgage & Home Financing Blogs From 2017 We’re back! Top Mortgage Blogs From 2017 Best Mortgage & Home Financing Blogs From 2017 We’re back! This week we’re highlighting the best mortgage blogs from this year!

Finance 52
article thumbnail

How to Buy a House in San Diego: 14 Steps to Close the Sale

HomeLight

Consider factors such as how long you plan to be in the area, if you have steady employment, and if you have enough money saved for not just the down payment, but for closing costs , maintenance, property taxes, and more. You can also ask family, friends, your buyer’s agent, and attorneys for mortgage lender recommendations.

article thumbnail

How to Buy a House in the Bay Area: 14 Steps to Close the Sale

HomeLight

Consider factors such as how long you plan to be in the area, if you have steady employment, and if you have enough money saved for not just the down payment, but for closing costs , maintenance, property taxes, and more. The amount of financial assistance available depends on the type of mortgage loan you use.

article thumbnail

How to Buy a House in 15 Steps: The Ultimate Guide

Redfin

However, there are a lot of things to learn about how to buy a house, like current mortgage rates, your credit score, home inspections, and closing costs. Debt-to-income ratio (DTI) Another major factor that a lender will consider when approving your mortgage loan is your debt-to-income ratio (DTI). 3,000/$7,000 = 0.42