Remove Backup offer Remove Debt-to-income ratio Remove Loans
article thumbnail

Can You Put an Offer on a House That’s Contingent?

RIS Media

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. . Real Estate appraisals are usually completed when homes are bought via mortgage loans. Low appraisal. The seller can also promise to get back to you.

article thumbnail

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

Redfin

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.

Insiders

Sign Up for our Newsletter

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

article thumbnail

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

Redfin

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

Agents, buyer’s financing denied? Here’s what to do.

Real Trends

If your sellers have a backup offer, evaluate all the facts before you switch to accepting that deal. If there is no backup offer, request a 2-week extension so you have time to resolve the issues. Note: Legally, a lender must give the reason a borrower is being denied their loan. Most problems do have a solution!