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How to Find Affordable Houses: 13 Smart Ways to Save on Your Next Home

Redfin

Below are some of the best ways to find an affordable home without breaking the bank. Review your savings for your down payment , monthly income, and potential loan options to set a realistic price range. Maintaining a low debt-to-income ratio and a strong credit score can also enhance your eligibility for favorable mortgage terms.

article thumbnail

How to Find Affordable Houses: 13 Smart Ways to Save on Your Next Home

Redfin

Below are some of the best ways to find an affordable home without breaking the bank. Review your savings for your down payment , monthly income, and potential loan options to set a realistic price range. Maintaining a low debt-to-income ratio and a strong credit score can also enhance your eligibility for favorable mortgage terms.

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Financing fail? Real estate agents, save the deal! 

Housing Wire

If you have a backup offer, know the facts before switching to that deal. If you don’t have a backup offer, get a 2-week extension, so you have time to resolve the issues and still get to the closing table, then get to work. Lenders require specific debt-to-income ratios to qualify a borrower for a mortgage loan.

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