Housing Wire

NOVEMBER 7, 2023

Media stories about home affordability rarely cover how the GSEs allow for low down payments and higher debt-to-income ratios. And when lenders — not headlines — explain cash-to-close and monthly all-in costs relative to incomes, the lights go on for borrowers. equity in the American housing system. for Q1, 6.6%

Debt-to-income ratio 434

Debt-to-income ratio Mortgages VA loan Loans 434

Housing Wire

MARCH 20, 2024

The ripple effect: Fewer buyers, declining equity As indicated earlier, introducing a system where buyers are solely responsible for their agent’s fees might sound more equitable; however, this change harbors the potential for significant unintended economic consequences. This paradigm shift significantly benefited all parties involved.

Debt-to-income ratio 497

Debt-to-income ratio Agents Equity Closing costs 497

Housing Wire

NOVEMBER 4, 2024

Advocates focused solely on the concerns of home sellers—who have gained billions in equity in their properties in recent years—are now creating post-hoc justifications for why eliminating cooperative compensation benefits low-wealth buyers. It explicitly allows for such offers to be made off-MLS, however. None of these arguments hold water.

Debt-to-income ratio 321

Debt-to-income ratio Agents VA loan MLS 321

Housing Wire

MARCH 30, 2021

The HPC notes “the observable market dynamic” of high home demand, which would provide a ready market for any consumers who need to sell, especially given the positive equity position many homeowners are in as home prices continue to appreciate. Presented by: Proctor Loan Protector. “As

Debt-to-income ratio 475

Debt-to-income ratio Loans Mortgages Lending 475

Housing Wire

OCTOBER 21, 2020

The current rule provides safe harbor protection to lenders from potential litigation brought by borrowers for loans having debt-to-income ratios of 43% or less. A proposal in June by the CFPB to replace the 43% DTI limit with a rate-based definition of a qualified mortgage still misses the mark by a country mile.

Debt-to-income ratio 418

Debt-to-income ratio Loans Mortgages Lending 418

Keeping Current Matters

AUGUST 20, 2020

Accompanied by more rigorous lending standards, the household debt-to-income ratio is at a four-decade low and household equity near a three-decade high. Some even worried that we might relive the 2006-2008 housing crash all over again. Once you examine the data, however, that seems unlikely.

Debt-to-income ratio 293

Debt-to-income ratio Lending Equity Mortgages 293

Housing Wire

DECEMBER 15, 2022

That means the loans from those years that end up being repurchased by lenders at their original value, often due to compliance issues such as elevated debt-to-income ratios, are now underwater. 30, 2022, according to a recent agency filing with the U.S. Securities and Exchange Commission (SEC). 31, 2021, showing a total of $1.3

Loans 370

Loans Debt-to-income ratio Purchase and sale agreement Banks 370

Housing Wire

AUGUST 23, 2023

The business combination closing, announced Wednesday, unlocks approximately $565 million of fresh capital, including a $528 million convertible note previously committed from affiliates of SoftBank and additional common equity from funds affiliated with NaMa Capital (formerly Novator Capital). ” And what is Better.com best at?

Debt-to-income ratio 370

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

Housing Wire

JANUARY 4, 2022

Still, even in those transactions, the underlying collateral appears solid, with the average credit scores of the borrowers above 760 and the average debt-to-income ratio ranging from 64.4% That was the start for the nonbank lender, which dominates the nation’s wholesale mortgage lending sector with an estimated 33.5%

Marketing 394

Marketing Debt-to-income ratio Loans Mortgages 394

Housing Wire

MAY 25, 2022

Between significantly fewer refinances, rising mortgage rates and housing inventory nearly cut in half since 2020, loan officers (LOs) and brokers face a pivotal time where adaptation is a must for success. When it comes to business growth this year and beyond, industry experts agree that 2022 is the year of the non-qualified mortgage (non-QM) loan.

Debt-to-income ratio 418

Debt-to-income ratio Lending Pre-qualification Loans 418

Housing Wire

AUGUST 26, 2024

In the meantime, these companies could market other products, such as home equity loans, to borrowers in these portfolios. Conversely, other companies seized the opportunity to expand their portfolios, securing the future right to get the inside track on refinancings when rates eventually drop. That will offset some of the losses.

Mortgages 456

Mortgages Banks Debt-to-income ratio Loans 456

HomeLight

JULY 23, 2024

You’ve been thinking about tapping into your home’s equity for a project or purchase that’s been on your “someday” list, but the time and expense of the appraisal and process have held you back. You might be wondering if you can get a no-appraisal home equity loan. Get Estimate What is a no-appraisal home equity loan?

Equity 116

Equity Loans Debt-to-income ratio Finance 116

Housing Wire

AUGUST 7, 2023

Then, it makes a decision based on three primary factors: debt-to-income ratio (DTI), credit score and loan-to-value ratio (LTV). Credit and loan-to-value ratios are fairly easy to determine for most people, but evaluating income is where judgment is sometimes involved.

Closing 370

Closing Fixed-rate mortgage Debt-to-income ratio Lending 370

HomeLight

SEPTEMBER 25, 2024

Are you considering using a home equity loan to help buy your next house? Whether you’re purchasing a second property for investment, a vacation getaway, or looking for a way to buy a new home before selling your current one, tapping into your home’s equity can feel like an appealing solution. How Much Should You Put Down on a House?

Equity 111

Equity Loans Debt-to-income ratio Mortgages 111

HomeLight

DECEMBER 5, 2023

Discover the Innovative Way to Buy Your Next Home Before Selling Your Current Home Through our Buy Before You Sell program, HomeLight can help you unlock a portion of your equity upfront to put toward your next home. Your lender might need to crunch the numbers and calculate your debt-to-income ratio (DTI).

Equity 111

Equity Loans Debt-to-income ratio Home sale contingency 111

HomeLight

JANUARY 29, 2024

When a homeowner needs fast access to cash for a life change or opportunity, their first thought may be to tap into their equity. But what if you can’t afford to make additional monthly payments on a traditional home equity loan, or your credit score won’t qualify for a cash-out refinance or line of credit? homeowners.

Equity 89

Equity Debt-to-income ratio Loans Closing costs 89

HomeLight

NOVEMBER 7, 2023

Discover the Innovative Way to Buy Your Next Home Before Selling Your Current Home Through our Buy Before You Sell program, HomeLight can help you unlock a portion of your equity upfront to put toward your next home. In simple terms, it’s a short-term loan that uses the equity in your existing home to help finance the new purchase.

Equity 115

Equity Loans Debt-to-income ratio Home sale contingency 115

HomeLight

NOVEMBER 3, 2023

Discover the Innovative Way to Buy Your Next Home Before Selling Your Current Home Through our Buy Before You Sell program, HomeLight can help you unlock a portion of your equity upfront to put toward your next home. When inventory is scarce and prices are high, the pressure mounts. But what if there was a smoother pathway?

Equity 116

Equity Loans Debt-to-income ratio Home sale contingency 116

HomeLight

OCTOBER 25, 2023

If you are relying on the equity in your current home to make a down payment on the new one, it may seem the only way the puzzle fits together is to sell, move out, and find a third location to live while you shop for the new house. Enter the bridge loan: a timely financial lifeline that lets you buy your new home before selling your old one.

Equity 111

Equity Loans Debt-to-income ratio Closing costs 111

HomeLight

DECEMBER 13, 2023

A bridge loan is a short-term financial tool that “bridges the income gap”, enabling you to purchase your new home before you’ve sold your old one. This allows you to utilize the equity from your existing property and streamline the transition into your new home without needing temporary housing.

Equity 119

Equity Loans Debt-to-income ratio Home sale contingency 119

HomeLight

NOVEMBER 21, 2023

Discover the Innovative Way to Buy Your Next Home Before Selling Your Current Home Through our Buy Before You Sell program, HomeLight can help you unlock a portion of your equity upfront to put toward your next home. Imagine it as a short-term lending solution that taps into the equity of your current home.

Equity 111

Equity Loans Debt-to-income ratio Home sale contingency 111

HomeLight

NOVEMBER 29, 2023

Discover the Innovative Way to Buy Your Next Home Before Selling Your Current Home Through our Buy Before You Sell program, HomeLight can help you unlock a portion of your equity upfront to put toward your next home. However, there’s a solution that might just make these puzzle pieces fit seamlessly together: a bridge loan.

Equity 111

Equity Loans Debt-to-income ratio Home sale contingency 111

Realty Biz

APRIL 5, 2022

Chapter 13 Bankruptcy is a court-approved debt repayment plan where their debts are restructured over a period of three to five years. The individual pays a fraction of their debts to creditors under the supervision of the bankruptcy trustee for the term of the Chapter 13 Bankruptcy. Trustee approval is required.

Bankruptcy 120

Bankruptcy Debt-to-income ratio VA loan FHA loan 120

HomeLight

NOVEMBER 30, 2023

Discover the Innovative Way to Buy Your Next Home Before Selling Your Current Home Through our Buy Before You Sell program, HomeLight can help you unlock a portion of your equity upfront to put toward your next home. This balancing act of timing and funds becomes even more daunting in a market where inventory is low and prices are high.

Equity 115

Equity Loans Debt-to-income ratio Home sale contingency 115

HomeLight

JANUARY 30, 2024

Discover the Innovative Way to Buy Your Next Home Before Selling Your Current Home Through our Buy Before You Sell program, HomeLight can help you unlock a portion of your equity upfront to put toward your next home. It uses the equity from your previous Denver home to help cover the down payment and closing costs for your new abode.

Equity 111

Equity Loans Debt-to-income ratio Home sale contingency 111

HomeLight

DECEMBER 13, 2023

A bridge loan is a short-term loan that “bridges the income gap” between selling your existing property and purchasing your next home. It allows you to tap into your existing home’s equity, providing funds for the down payment and closing costs on your new Miami residence. What is a bridge loan, in simple words?

Equity 116

Equity Loans Debt-to-income ratio Home sale contingency 116

HomeLight

DECEMBER 15, 2023

A bridge loan is a short-term financing solution, giving you the necessary income to purchase a new home, even before you’ve sold your current one. This type of loan leverages the equity in your existing home, providing you with the necessary funds for a down payment and to cover the closing costs of your new property.

Equity 111

Equity Loans Debt-to-income ratio Home sale contingency 111

HomeLight

DECEMBER 29, 2023

Discover the Innovative Way to Buy Your Next Home Before Selling Your Current Home Through our Buy Before You Sell program, HomeLight can help you unlock a portion of your equity upfront to put toward your next home. Bridge loans rely on equity in your current home. What is a bridge loan, in simple words?

Equity 111

Equity Loans Debt-to-income ratio Home sale contingency 111

HomeLight

DECEMBER 15, 2023

Discover the Innovative Way to Buy Your Next Home Before Selling Your Current Home Through our Buy Before You Sell program, HomeLight can help you unlock a portion of your equity upfront to put toward your next home. Imagine you’ve found your dream home, but your funds are tied up in your existing home’s equity.

Equity 111

Equity Loans Debt-to-income ratio Home sale contingency 111

HomeLight

NOVEMBER 21, 2023

Enter the bridge loan, a financial lifeline that can synchronize the purchase of your new Minnesota home while leveraging the equity of your current property. This type of loan taps into the equity of your current home, providing the necessary funds for a down payment and other expenses linked to your new home purchase.

Equity 115

Equity Loans Debt-to-income ratio Staging 115

HomeLight

DECEMBER 14, 2023

Discover the Innovative Way to Buy Your Next Home Before Selling Your Current Home Through our Buy Before You Sell program, HomeLight can help you unlock a portion of your equity upfront to put toward your next home. Consider it a temporary funding source that taps into your existing home’s equity.

Equity 111

Equity Loans Debt-to-income ratio Home sale contingency 111

HomeLight

DECEMBER 8, 2023

Discover the Innovative Way to Buy Your Next Home Before Selling Your Current Home Through our Buy Before You Sell program, HomeLight can help you unlock a portion of your equity upfront to put toward your next home. Think of it as a temporary loan that taps into the equity of your existing home.

Equity 111

Equity Loans Debt-to-income ratio Home sale contingency 111

HomeLight

NOVEMBER 30, 2023

Discover the Innovative Way to Buy Your Next Home Before Selling Your Current Home Through our Buy Before You Sell program, HomeLight can help you unlock a portion of your equity upfront to put toward your next home. This is where the equity in your existing home steps in to cover the down payment and closing costs for your new abode.

Equity 111

Equity Loans Debt-to-income ratio Home sale contingency 111

HomeLight

NOVEMBER 17, 2023

Discover the Innovative Way to Buy Your Next Home Before Selling Your Current Home Through our Buy Before You Sell program, HomeLight can help you unlock a portion of your equity upfront to put toward your next home. A key aspect of this process is your debt-to-income ratio (DTI). What is a residential bridge loan?

Equity 111

Equity Loans Debt-to-income ratio Home sale contingency 111

RIS Media

JUNE 3, 2021

Those who could not get refinanced were declined for many of the same reasons, from a high debt-to-income ratio to poor or no credit history. High Debt-to-Income Ratio . Your debt-to-income ratio is the percentage of your monthly gross income used to pay off your debts.

Debt-to-income ratio 105

Debt-to-income ratio Principal Lending Equity 105

HomeLight

NOVEMBER 6, 2023

Discover the Innovative Way to Buy Your Next Home Before Selling Your Current Home Through our Buy Before You Sell program, HomeLight can help you unlock a portion of your equity upfront to put toward your next home. Your financial picture during this time, especially your debt-to-income ratio (DTI), becomes important.

Equity 111

Equity Loans Debt-to-income ratio Home sale contingency 111

HomeLight

NOVEMBER 30, 2023

Discover the Innovative Way to Buy Your Next Home Before Selling Your Current Home Through our Buy Before You Sell program, HomeLight can help you unlock a portion of your equity upfront to put toward your next home. It allows you to tap into your existing home’s equity to cover the down payment and closing costs for your new property.

Equity 111

Equity Loans Debt-to-income ratio Home sale contingency 111