Remove Closing costs Remove Debt-to-income ratio Remove Pre-approval
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5 tips for finding the right mortgage lender for you

Housing Wire

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. Before you start searching for a lender, check your credit score and debt-to-income ratio.

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Thinking of Selling Your Home? Take this Seller Litmus Test

HomeLight

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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17 First-Time Homebuyer Mistakes to Consider and How to Avoid Them

Redfin

Don’t skip critical steps like the home inspection or negotiating closing costs. Not getting pre-approved for a home loan before starting your search A common mistake for first-time homebuyers is jumping into the search without first getting pre-approved for a mortgage.

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Mortgage Rates Continue to Drop: 30-Year Fixed-Rate Dips to 6.76%

Marco Santarelli

Get Pre-Approved: Before you start seriously looking at homes, get pre-approved for a mortgage. Closing Costs: Factor in the closing costs associated with refinancing. These costs can include appraisal fees, title insurance, and other expenses.

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What’s the First Step in Buying a Home? Your Answer Here

Realtor.com

Here are more step-by-step home-buying details, including information about down payments, closing costs, mortgage rates, pre-approved mortgages, and more. Step 2: Qualify for a home loan or loan pre-approval.

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Second-Time Homebuyer: What to Expect This Time Around

Redfin

If your score is lower, focus on paying down debt and improving your credit before applying. Debt-to-income ratio: This compares your monthly debt payments to your gross income. If your ratio is higher, explore loan options like VA or FHA loans that accept higher DTIs. Step 2: Sell first or buy first?

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How To Buy A Home For Your Disabled Adult Child

Realty Biz

Getting Pre-Approved for the Family Opportunity Loan. Getting a pre-approval letter from a lender for the Family Opportunity Loan is almost identical to getting approved for any conventional mortgage. The borrowers will need to present documents showing their income for the past 2 years.