Closing costs Debt-to-income ratio Loans 
Housing Wire
MARCH 25, 2021
Do I need to pay off my student loans before buying my first home? What it really comes down to is whether or not you feel comfortable paying a mortgage (and all the other fun expenses that come with having a home), while also paying off student loans. For example, a conventional loan lets you put as little as 3% down.
Housing Wire
JANUARY 20, 2021
The type of mortgage loan you qualify for is just as important as the mortgage lender you work with. To find a qualified lender, you need a good credit score and a good debt-to-income ratio, which is the percentage of a consumer’s monthly gross income that goes to paying down debt.
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Housing Wire
MARCH 22, 2023
An affordable home insurance policy not only means lower monthly payments, but also improved debt-to-income ratio and more money to put towards home improvements, property taxes or closing costs. HW: How does working with an insurance agency simplify the closing process?
Housing Wire
APRIL 7, 2021
Your Income Is Stable. A stable income means you’re more likely to be approved for a loan , than someone with an unstable income. Because of this, today’s lenders are more than willing to work with potential first-time homebuyers who have debt, just as long as their debt-to-income ratio (DTI) isn’t too high.
Housing Wire
MAY 8, 2023
Mortgage lender and servicer NewRez on Monday launched a special purpose credit program through Freddie Mac that will provide $3,000 or more in closing cost assistance to qualifying first-time homebuyers. “With BorrowSmart Access, we’re delivering on that mission by providing ways to reduce cost in the homebuying process.”
Marco Santarelli
MARCH 4, 2025
There are so many different types of loans, lenders, and economic factors that play a role. This reflects the perceived risk involved in refinancing an existing loan versus originating a new one. It offers a stable, predictable monthly payment over the life of the loan. Why Did Rates Drop (Even Slightly)? ARMs can be risky.
HomeLight
OCTOBER 28, 2024
If the offer works for your situation, you can close in as little as 10 days. Will your debt-to-income ratio permit a new loan? While you may have qualified with your original home loan, lenders will look at your current debt-to-income (DTI) ratio to determine if you can handle additional debt.
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