Housing Wire

APRIL 12, 2024

While the slowdown has resulted in a return to pre-pandemic levels of market activity, real estate agents across the state believe that an issue far greater than 7% mortgage rates may cause the housing market to slow further. “We We have an insurance problem,” said Charlotte Johnson , a Keller Williams agent based in Mandeville.

Debt-to-income ratio 459

Debt-to-income ratio Marketing Closing costs Agents 459

Housing Wire

MARCH 20, 2024

Those too young to remember the wild west of real estate believe that real estate commissions have always been evenly split between seller’s and buyer’s agents, with each receiving a portion of the sale price. This misconception obscures the reality that, historically, buyers lacked formal representation.

Debt-to-income ratio 497

Debt-to-income ratio Agents Equity Closing costs 497

Housing Wire

SEPTEMBER 16, 2021

When asked why they believe their purchase of a home is delayed, 47% of non-homeowning student debt holders said it was due to their inability to save for a down payment and 45% said it was because they did not think they could qualify for a mortgage due to their debt-to-income ratio.

Loans 418

Loans Debt-to-income ratio Mortgages As-is 418

Housing Wire

AUGUST 22, 2024

Let’s address these concerns: First, Steve’s argument presupposes buyers, especially those at the lower end of the income spectrum, can easily finance agent commissions through their mortgage. This assumption is fundamentally flawed. The reality is that financing commissions are unfeasible.

Debt-to-income ratio 351

Debt-to-income ratio Finance Mortgages Banks 351

Lighter Side of Real Estate

MARCH 11, 2025

If you wait until the market is already in full swing, you may struggle to secure the right real estate agent, miss out on great homes, or find yourself caught in a frenzy of competing buyers. Thats why its a good idea to get the ball rolling with your real estate agent before the spring market kicks off.

Pre-approval 85

Pre-approval Agents Debt-to-income ratio Inspection 85

Housing Wire

AUGUST 23, 2023

” Better is partnering with other businesses to offer services such as homeowner’s insurance and to provide access to a network of real estate agents, rather than offering these products and services directly to borrowers. When we had agents, we were not large enough to provide the consumer full coverage [geographically].

Debt-to-income ratio 370

Debt-to-income ratio Technology Mortgages Pre-approval 370

Housing Wire

JULY 25, 2023

Less than 10 home insurance carriers offer the ability to bind a home insurance policy 100% online without working with an agent in some capacity, making wait times an important factor. Accurately calculating a customer’s front-end debt-to-income ratio (DTI) requires accounting for all housing expenses, including homeowners insurance premium.

Marketing 370

Marketing Debt-to-income ratio Mortgages Loan Officer 370

HomeLight

OCTOBER 28, 2024

You can check real estate websites or consult with a local agent to get an idea of average days on market and recent sale prices. Understanding your motivation will also assist your agent in tailoring the home-selling process to your needs, whether it’s selling quickly or maximizing profit. Do you have a great agent?

Pre-approval 110

Pre-approval Debt-to-income ratio Equity Loans 110

BAM Media

JANUARY 7, 2025

Debt and Credit: Renters have higher debt-to-income ratios and are twice as likely as homeowners to fall behind on debt payments (18% vs. 9%). For industry news, edutainment, and humor, sign up for the best newsletter on the planet for real estate agents.

Debt-to-income ratio 105

Debt-to-income ratio Loans As-is Industrial 105

Housing Wire

JULY 25, 2023

According to Sandy Williams, an eXp Realty agent in Sarasota, homeowners’ insurance costs have doubled for many in her metro area ( flood insurance costs have also risen dramatically). “I I don’t think we will see a flood of people leaving or anything like that,” Anne Marie Würzel, an Orlando-based Mainframe Real Estate agent, said.

Marketing 370

Marketing Debt-to-income ratio Agents Construction 370

Housing Wire

NOVEMBER 10, 2020

But unlike Fannie and Freddie, most non-QM loans rely on the borrower’s credit score and the loan-to-value ratio on the loan, rather than the debt-to-income ratio. Self-employed borrowers take advantage of the tax laws,” said Dodson, who runs Mortgage Capital Advisors.

Debt-to-income ratio 459

Debt-to-income ratio Loans Banks Loan Officer 459

Lighter Side of Real Estate

JULY 15, 2021

If you take out a new loan or make a major purchase on credit, it can impact your debt-to-income ratio—and could put your home loan at risk. You wouldn’t work with an out-of-area real estate agent to buy your home. Not using a local (and experienced!) So why work with an out-of-area lender?

Debt-to-income ratio 135

Debt-to-income ratio Mortgages Loans Agents 135

Point2Homes

OCTOBER 6, 2020

So, while cash may be king with home sellers and their real estate agents, the same is not true with financial institutions. When you apply for a mortgage, the loan officer will review your income and compare it to your monthly expenses, which is your debt-to-income ratio — the lower the ratio, the better.

Debt-to-income ratio 144

Debt-to-income ratio Earnest money deposit Loans Loan Officer 144

GeekEstate

JUNE 26, 2022

Landis leverages data to create customized financial plans for our clients so that they can save more money, improve their debt-to-income ratio, increase their credit score, and build a stronger financial foundation. We want to make the journey to owning a home more accessible, transparent and empowering. What’s next for you?

Debt-to-income ratio 124

Debt-to-income ratio Technology Loan Officer Banks 124

Realty Biz

OCTOBER 25, 2021

Processing and administrative fees, closing agent fees, and credit report fees are just some of the expenses that you will need to cover before you receive your keys to the home. Your debt-to-income ratio will also be evaluated by your bank in order to help them determine if you can pay for your home.

Debt-to-income ratio 108

Debt-to-income ratio Mortgages Closing costs Equity 108

Marco Santarelli

FEBRUARY 7, 2025

Work with a real estate agent who understands the local market. But most conventional loans must meet the guidelines Fannie Mae and Freddie Mac set. Work with a reputable lender to get pre-approved for a mortgage. Sellers: Be realistic about your asking price. Don't expect to get the same prices that were common during the peak of the market.

Pre-approval 87

Pre-approval Marketing Debt-to-income ratio Lending 87

HomeLight

JULY 7, 2022

According to April Gongora Brown , a New Orleans -based agent who works with 73% more single-family homes than the average agent in her area, it’s completely doable to buy a home with that annual salary — as long as you find a good agent and a good lender. “I Real Estate Agent. It really impacts purchase power.

Debt-to-income ratio 122

Debt-to-income ratio Closing costs FHA loan Loans 122

Realty Biz

NOVEMBER 14, 2020

Having a low debt to income ratio and a solid credit score allows you to qualify for a mortgage with the best possible interest rate. Eventually paying off will ultimately improve your debt to income ratio. Get your finances in order before taking the plunge into homeownership. Look at Plenty of Houses.

Debt-to-income ratio 103

Debt-to-income ratio Inspection Loans Finance 103

Imagine Your House

JANUARY 2, 2020

If you’re financing a home, you’ll find that your debt to income ratio is most important and your ability to get approved for a mortgage will be dependent upon how many bills you have in relationship to your income and how much credit that you’re using day in and day out. Do you want to be maxed out?!

Debt-to-income ratio 141

Debt-to-income ratio Inspection As-is Banks 141

RIS Media

DECEMBER 21, 2020

What is different from years past is that buyers and sellers have access to similar data that agents do, making them more informed clients. What begs to be asked: Are buyers and sellers still using real estate agents to their advantage? Contact him at Verl@WorkmanSuccessSystems.com.

Industrial 111

Industrial Debt-to-income ratio Finance Agents 111

Point2Homes

DECEMBER 7, 2020

Lenders will normally look at your debt-to-income ratio to determine whether you qualify for a loan. Typically, they don’t want you to have debts that add up to more than 43% of your gross monthly income. The real estate agent you choose to work with is even more important when buying a foreclosure.

Debt-to-income ratio 118

Debt-to-income ratio Pre-approval Inspection Inspection contingency 118

RIS Media

JUNE 6, 2021

You can seek land lenders by asking around, possibly to a real estate agent or doing your own online search. However, in all land purchase transactions, it would be best to have a great credit score, a good debt-to-income ratio and a continuous income. 1 RE/MAX real estate agent in Massachusetts.

Land 126

Land Loans Debt-to-income ratio Construction 126

HomeLight

JUNE 22, 2023

Would you say it’s trying to find the right real estate agent ? Save thousands when buying a home HomeLight recommended real estate agents are top-tier negotiators who understand the market data that helps you save as much as possible when buying your dream home. That number will be your debt-to-income ratio.

Debt-to-income ratio 98

Debt-to-income ratio Mortgages FHA loan Loans 98

Realty Biz

FEBRUARY 11, 2021

That’s assuming your credit rating is in good shape because the other major qualifying criteria are your debt-to-income ratio and down payment. Not stretching your budget should keep you well within the debt-to-income ratio and the $39,000 in equity will go along way towards the down payment.

Debt-to-income ratio 87

Debt-to-income ratio Equity Mortgages Closing costs 87

Realtor.com

JANUARY 7, 2021

The buyer’s debt-to-income ratio (a figure that sums up how much money the buyer owes creditors vs. how much money the buyer makes) may not be sufficient. As for money owed to the agents who have been handling the sale, sellers typically owe nothing until there is a formal closing and the property changes hands.

Loans 133

Loans Purchase and sale agreement Pre-approval Debt-to-income ratio 133

HomeLight

SEPTEMBER 1, 2022

Student loan debt doesn’t make it impossible to live out your dream of homeownership; it just makes it a bit more difficult because of its impact on your debt-to-income ratio (DTI), credit score, and down payment savings. Real Estate Agent. Real Estate Agent at The Kaminsky Real Estate Group.

Debt-to-income ratio 104

Debt-to-income ratio Loans FHA loan Equity 104

Realtor.com

FEBRUARY 2, 2022

There are a lot of different rules and costs state by state,” says Rachel Lester , an agent with Keller Williams Main Line Realty in Villanova, PA. Watch your debt-to-income ratio. When you retire, your lack of income may scare some lenders. And the lending and real estate laws can really differ.

Debt-to-income ratio 100

Debt-to-income ratio Mortgages Fixed-rate mortgage Lending 100

HomeLight

AUGUST 31, 2020

Don’t forget to do your research and ask plenty of questions when talking to lenders and your real estate agent about local and state first-time buyer programs. Plus, certain programs have a certain debt-to-income ratio that you must fall under in order to qualify as a first-time buyer. Source: Austin Distel / Unsplash).

Debt-to-income ratio 93

Debt-to-income ratio FHA loan Pre-qualification VA loan 93

RIS Media

APRIL 8, 2022

Something can come up (such as an unanswered financial obligation or a significant purchase before the closing that changes the debt-to-income ratio) and put a home back. . While financing may be pre-approved, the process is complex. Low appraisal. Is there a difference between contingent and pending?

Debt-to-income ratio 144

Debt-to-income ratio Title search Backup offer Home sale contingency 144

Realty Biz

AUGUST 20, 2023

It involves assessing your credit score, managing your debt-to-income ratio, gathering the necessary financial information and documents, and reviewing and improving your credit history. Managing Debt-to-Income Ratio Another crucial factor that lenders consider during the pre-approval process is your debt-to-income ratio (DTI).

Pre-approval 94

Pre-approval Debt-to-income ratio Mortgages Loans 94

HomeLight

JANUARY 27, 2021

If you’re new to buying a home, you might be wondering where to start and how to work with a real estate agent. but after scrolling through pages of agents with the same star ratings and blindingly similar reviews from clients, you probably still aren’t sure where to start. How do you know if an agent is good or not?

Agents 104

Agents Purchase and sale agreement Debt-to-income ratio Due diligence 104

HomeLight

OCTOBER 25, 2023

Find a Top Agent With Experience in Bridge Loans Partner with a top agent who knows your local market and has experience with bridge loan programs. HomeLight can connect you with an experienced buyer’s agent who can help you navigate your entire homebuying journey.

Equity 111

Equity Loans Debt-to-income ratio Closing costs 111

HomeLight

FEBRUARY 28, 2024

Put a Second-Home Expert in Your Corner If you’re considering buying a second home, working with a top agent can help you navigate every step and avoid common pitfalls. HomeLight network agents are some of the most experienced second-home specialists in the country.

Debt-to-income ratio 114

Debt-to-income ratio Loans Finance Agents 114

Real Trends

JULY 26, 2022

does enter a recession, we’re unlikely to see a housing-market crash like in the Great Recession because the factors affecting the economy are different: Most homeowners have a fair amount of home equity and not much debt and unemployment is low.”. However, agents in these metro areas see a potential silver lining for some homebuyers.

Debt-to-income ratio 95

Debt-to-income ratio Equity Agents Marketing 95

McKissock

JANUARY 31, 2021

Maybe they made a new purchase and their debt to income ratio is too high. Or maybe the underwriter feels that their income and credit score isn’t high enough. These are all situations that have happened to many real estate agents, buyers, and sellers time and time again. That is what it is all about!

Debt-to-income ratio 95

Debt-to-income ratio Pre-approval Pre-qualification Loans 95

Realtor.com

NOVEMBER 11, 2022

monkeybusinessimages/iStock No, it’s not leaping into buyer mode by picking out a real estate agent who has pretty homes, setting up a home inspection, and then moving in your sectional couch. Step 1: Why financing is the key to buying a new home. Furthermore, lenders don’t just hand out loans to everyone who walks in their door.

Pre-approval 131

Pre-approval Pre-qualification Debt-to-income ratio Loan Officer 131

Marco Santarelli

MARCH 4, 2025

Credit Score and Debt: Lenders will scrutinize your credit score to assess your creditworthiness. They'll also look at your debt-to-income ratio (DTI), which compares your monthly debt payments to your gross monthly income. A higher credit score usually means better interest rates.

Mortgages 82

Mortgages Debt-to-income ratio Principal As-is 82