Housing Wire

MARCH 30, 2021

At HousingWire’s 2021 Annual Spring Summit, CreditXpert VP of Sales and Client Success Matt Hydrew and T odd Worthington , director of qualification support at Bank of England, discussed top-of-the-funnel strategies lenders can use to help borrowers gain a better understanding of their credit score. Or, give up looking altogether.

Pre-qualification 468

Pre-qualification Debt-to-income ratio Pre-approval Loan Officer 468

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.

Debt-to-income ratio 408

Debt-to-income ratio Lending Pre-qualification Loans 408

Lighter Side of Real Estate

JANUARY 24, 2024

Unless you come into a windfall of money, most people need to get a mortgage in order to buy a home, so getting a mortgage pre-approval to find out how much a lender will allow you to spend is the first step. How much down payment you have will affect how much they feel comfortable lending you. But it isn’t quite that simple.

Pre-approval 105

Pre-approval Debt-to-income ratio Pre-qualification Mortgages 105

Realty Biz

DECEMBER 12, 2022

Mortgage Pre-Approval and Pre-Qualification Are Not The Same. Home buyers with higher credit scores will get more favorable terms from lending institutions. Stay Comfortably Within Your Debt-to-Income Ratio. Critical Things to Understand Before You Get a Mortgage.

Debt-to-income ratio 87

Debt-to-income ratio Mortgages Pre-approval Pre-qualification 87

McKissock

JANUARY 31, 2021

Maybe they made a new purchase and their debt to income ratio is too high. Or maybe the underwriter feels that their income and credit score isn’t high enough. Often, lenders do a pre-qualification that is strictly based on the information that the client gives the lender.

Debt-to-income ratio 95

Debt-to-income ratio Pre-approval Pre-qualification Loans 95

Redfin

JULY 11, 2023

Government-backed loans, such as FHA or VA loans, provide more flexible qualification criteria and specific benefits. Technological advancements have greatly simplified the document submission process for borrowers in the mortgage industry,” shares Ron Haddad Lending Team. How does the mortgage pre-approval process work?

Pre-approval 59

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

HomeLight

OCTOBER 27, 2020

The first reason is privacy — you might not want your lending company to have access to all of your financial details, for example. Lending qualifications remain the same whether you’re self-employed or have a W-2, says Sanchez. Before you buy a home, you should pay off as much of your debt as possible.

Debt-to-income ratio 105

Debt-to-income ratio Pre-approval Pre-qualification Loans 105