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. Therefore, when purchasing a home — especially for the first time — buyers should have a strong grasp of how lenders treat deposits. Verifying Cash Deposits. Simplified Cash Deposits.

Debt-to-income ratio 144

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

Realty Biz

MARCH 9, 2021

If a parent or parents currently have a home mortgage and other debt, it would seem a bit of financial stress to take on a 2 nd mortgage on a separate mortgage. For the Family Opportunity Loan, the guidelines state that the debt to income ratio can be as high as 50%. Should you hire a real estate agent?

Pre-approval 144

Pre-approval Earnest money deposit Debt-to-income ratio Loans 144

Redfin

AUGUST 29, 2024

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). DTI is calculated by dividing total monthly debts by gross monthly income. Don’t forget to pick your agent’s brain and ask for their input.

Earnest money deposit 63

Earnest money deposit Purchase and sale agreement Pre-approval Debt-to-income ratio 63

The Residential Specialist

AUGUST 31, 2023

No matter what the reason, agents must be prepared to help sellers make the best financial decisions and practical arrangements for all parties involved. Now, I can tell you that other agents do not like this, but it works beautifully when someone can’t move twice.” So, the first thing is finding out your client’s motivation.”

Earnest money deposit 98

Earnest money deposit Debt-to-income ratio New Construction Equity 98

HomeLight

JANUARY 27, 2021

But there’s so much to keep track of along the way: hiring an agent, getting a mortgage, making offers, and closing the deal. We tapped the expertise of top Illinois real estate agent Jen Ortman , who walked us through some of her best advice for buyers. Hiring an agent. Hiring an agent is a big deal. And the best part?

Closing costs 119

Closing costs Inspection Loans Earnest money deposit 119

HomeLight

JUNE 30, 2022

We asked our top agents for their best advice for first-time buyers and we’re going to delve into the top dos and don’ts when buying a home; some may be odd, others may be more obvious, and several you may have never considered. Transaction details: the purchase agreement and a copy of your earnest money deposit.

Purchase and sale agreement 96

Purchase and sale agreement Inspection Earnest money deposit Closing costs 96

Redfin

AUGUST 3, 2022

Here are the steps to determine how much house you can afford: First, determine your debt to income ratio (DTI). This is your monthly expenses versus your cash intake or the bills you pay divided by your gross monthly income. Debts include recurring bills, such as car payments, daycare payments, and student loans.

Pre-approval 76

Pre-approval Purchase and sale agreement Title Debt-to-income ratio 76