131 Real Estate Terms & Definitions Your Clients Expect You to Know in 2023
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. In a no-cost mortgage, the lending institution pays all of the closing costs in exchange for the borrower paying a higher interest rate.
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