HomeLight

JANUARY 31, 2022

Sometimes the stress of buying a house is enough to wish you could take it all back, especially if you placed a hefty down payment that drained your savings, or you’re feeling the pinch of a larger-than-expected mortgage payment. Unaffordable mortgage. High mortgage interest rate. Poor investment: home value vs. cost.

Debt-to-income ratio 105

Debt-to-income ratio Inspection Loans Mortgages 105

Marco Santarelli

AUGUST 8, 2024

Imagine this: you snagged a great interest rate on your mortgage a few years back, but now rates have dipped even lower. You're tempted by the idea of refinancing to save money, but a nagging question holds you back: when you refinance a mortgage, does the 30 years start over? The short answer is both yes and no.

Mortgages 52

Mortgages Debt-to-income ratio Equity Loans 52

HomeLight

SEPTEMBER 8, 2020

There are a lot of costs you have to worry about, such as the down payment , closing costs , your monthly mortgage amount , and more. You also don’t want to forget to calculate how much the monthly mortgage payment will be and whether you’ll be able to easily afford it. Will you need roommates to help pay the mortgage?

Inspection 98

Inspection Closing costs Debt-to-income ratio Title 98

Redfin

FEBRUARY 24, 2025

Interest rates: Mortgage interest rates, influenced by factors such as credit score, debt-to-income ratio, income, and down payment size, play a crucial role in the overall cost of purchasing a home. As of late 2024, mortgage rates are projected to average 6.4% through 2025.

Debt-to-income ratio 31

Debt-to-income ratio Construction Land Renovation 31

HomeLight

JULY 14, 2021

The interest you pay for a 401(k) loan is usually much less than for a consumer loan, but buyers should keep in mind that it also adds another monthly payment, which can affect debt-to-income ratios when qualifying for a mortgage. All product names, logos, and brands are property of their respective owners.

Banks 105

Banks Debt-to-income ratio Loans FHA loan 105

HomeLight

JUNE 27, 2022

You’re looking at new construction as an option for your new home and love the idea of buying a brand-new house that has never been lived in before. Local mortgage lenders, title companies, real estate attorneys, and real estate agents will also be able to give you a list of their preferred builders. Shop around for your mortgage.

New Construction 105

New Construction Construction Inspection Pre-approval 105

HomeLight

JUNE 13, 2022

A rent-to-own real estate deal might work nicely for some, but it’s not for everybody ; there are more risks involved than with a financed real estate purchase, which is why most buyers choose to get a mortgage instead of renting-to-own a house. That said, rent-to-own homes can be a good fit for certain buyers. You need to save money.

Purchase and sale agreement 116

Purchase and sale agreement Loans Inspection Closing costs 116

Real Trends

JULY 25, 2023

I do a lot with new construction and homeowners’ insurance is cheaper on new builds because they are brand new,” Williams said. 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

Marketing 92

Marketing Debt-to-income ratio Agents Construction 92