HomeLight

DECEMBER 8, 2023

Discover the Innovative Way to Buy Your Next Home Before Selling Your Current Home Through our Buy Before You Sell program, HomeLight can help you unlock a portion of your equity upfront to put toward your next home. Think of it as a temporary loan that taps into the equity of your existing home.

Equity 111

Equity Loans Debt-to-income ratio Home sale contingency 111

BAM Media

JULY 2, 2024

It’s an acronym that provides a framework for conversations around buyer qualification. I’m not a big fan of asking, “ Hey, are you pre-approved ? Most of our clients like a free home equity review. If they say no, and they’ve been pre-approved with enough cash to put down, great! Would you like one?”

Pre-approval 52

Pre-approval Debt-to-income ratio Pre-qualification Purchase and sale agreement 52

Housing Wire

MAY 25, 2022

In a housing market vastly different from the pre-pandemic period, how can industry professionals position themselves to achieve growth despite these current obstacles? More people are diversifying their income streams and opting to work for themselves or through real estate investments. Why partner with Newrez?

Debt-to-income ratio 417

Debt-to-income ratio Lending Pre-qualification Loans 417

Realty Biz

SEPTEMBER 30, 2023

They can help you navigate the mortgage process and identify suitable options based on your financial situation and provide you with a pre-approval. Longer time to build equity: With a higher interest rate and potentially larger down payment, it may take longer for you to build equity in your home. Reduce your existing debt.

Finance 96

Finance Debt-to-income ratio FHA loan Mortgages 96

Marco Santarelli

OCTOBER 6, 2023

Some lenders may require higher scores, especially for borrowers with other risk factors, such as a high debt-to-income ratio or a short credit history. Easier Qualification: No-money-down mortgages often come with less stringent qualifying requirements compared to traditional mortgages.

VA loan 52

VA loan FHA loan Pre-qualification Debt-to-income ratio 52

Redfin

JULY 11, 2023

Government-backed loans, such as FHA or VA loans, provide more flexible qualification criteria and specific benefits. Once the borrower’s equity reaches 20%, PMI can be canceled. How does the mortgage pre-approval process work? Mortgage pre-approval is a crucial step in the homebuying process.

Pre-approval 59

Pre-approval Mortgages Pre-qualification Debt-to-income ratio 59

Redfin

AUGUST 29, 2024

Homeownership is a long-term investment, and staying in one place allows you to build equity and stability. 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).

Earnest money deposit 60

Earnest money deposit Purchase and sale agreement Pre-approval Debt-to-income ratio 60