HomeLight

JUNE 30, 2021

Your perfect home is part of a homeowners association (HOA) and there’s some mumbo jumbo about having to pay an additional expense (beyond the typical costs of owning a home) known as HOA dues. How does it factor into your overall debt-to-income ratio ? Is your HOA fee covered in your mortgage?

Mortgages 90

Mortgages Debt-to-income ratio Loans Due diligence 90

Redfin

MARCH 3, 2022

To avoid a closing delay or, even worse, the sale falling through, it’s essential to be upfront and honest with your loan officer. Give your loan officer full disclosure from the start – tell us everything. Any changes to employment status could force the lender to decline the loan even at this point.”.

Closing 63

Closing Title search Purchase and sale agreement Title 63

HomeLight

JULY 29, 2022

This can radically alter their debt-to-income ratio and jeopardize the whole deal. If you can’t secure new employment swiftly, you might be able to add a cosigner to your loan and count that person’s income toward your purchase. Talk to your agent and loan officer about these options.

Closing 105

Closing Purchase and sale agreement Title Home sale contingency 105

The Close

DECEMBER 29, 2022

Borrowers can go into delinquency if they have stopped paying their monthly mortgage loan payments for a certain time period. Debt-to-income ratio (DTI). You can help your clients calculate their DTI by adding together all of their monthly payments and dividing the total by their gross monthly income.

Purchase and sale agreement 98

Purchase and sale agreement Title Pre-approval Proof of funds 98