Housing Wire

MARCH 10, 2023

Toohig adds that lenders are telling him that their customers “don’t want to do a new 30-year fixed-rate mortgage at 6.25%, and we’d rather do a smaller-balance HELOC [home equity line of credit] instead to improve their property.” And we have more of an asset-based underwriting not focused on debt-to-income ratios.”

Equity 370

Equity Marketing Debt-to-income ratio Lending 370

HomeLight

MARCH 11, 2022

Maximum 38% debt-to-income ratio for most buyers. MassHousing Mortgage. MassHousing offers a fixed-rate mortgage for first-time homebuyers. If you want to buy in Boston or designated ‘Gateway City,’ then you can have a higher income and still receive assistance.

Closing costs 111

Closing costs Debt-to-income ratio Fixed-rate mortgage Loans 111

Redfin

SEPTEMBER 27, 2021

Shopping for a mortgage, you might encounter lenders who pre-qualify you for a higher loan amount than you expected. Many lenders work with standard debt-to-income ratio calculations which don’t take into account other costs of home ownership. The first step is understanding how much you can afford to spend on a mortgage.

Debt-to-income ratio 71

Debt-to-income ratio Closing costs Loans Title 71

Windemere Selling

JUNE 13, 2022

Lower interest rates, after a reassessment of your mortgage, equate to lower monthly mortgage payments and significant savings over the life of the loan. Cash-out refinancing” allows you to accept a mortgage for more than your principal balance and use the extra money at your discretion.

Debt-to-income ratio 52

Debt-to-income ratio Fixed-rate mortgage Loans Principal 52

Marco Santarelli

FEBRUARY 26, 2025

Here's What You Need to Know Understanding HELOC Rates and the Fed's Playbook First off, if you're new to the world of HELOCs, think of them like a credit card, but using your home equity as collateral. It's a flexible way to borrow money for things like home renovations, consolidating debt, or even unexpected expenses.

Debt-to-income ratio 52

Debt-to-income ratio Mortgages Equity Fixed-rate mortgage 52