Debt-to-income ratio Earnest money deposit Pre-qualification 
Redfin
AUGUST 29, 2024
Debt-to-income ratio (DTI) Another major factor that a lender will consider when approving your mortgage loan is your debt-to-income ratio (DTI). DTI is calculated by dividing total monthly debts by gross monthly income. What’s an earnest money deposit?
The Close
DECEMBER 29, 2022
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. Earnest money deposit. Pre-approval. At this point, the lender has the option to start foreclosure proceedings.
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