Housing Wire

MARCH 30, 2021

Borrowers don’t always know or understand how their credit or debt-to-income ratio (DTI) impacts the type of loan they can qualify for. By implementing a credit process, lenders have the ability to help borrowers get approved for a loan – even after they were previously declined.

Pre-qualification 468

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

Housing Wire

APRIL 4, 2022

As interest rates rise, so do the monthly mortgage payments, which could be problematic for low-to-moderate income borrowers, said Alex Naumovych, loan officer at Draper & Kramer Mortgage. Mark Westcott, a loan officer at CrossCountry Mortgage , said that borrowers who were pre-qualified at 3.5%

FHA loan 369

FHA loan Debt-to-income ratio Pre-approval Loan Officer 369

Realtor.com

NOVEMBER 11, 2022

Here are more step-by-step home-buying details, including information about down payments, closing costs, mortgage rates, pre-approved mortgages, and more. Step 2: Qualify for a home loan or loan pre-approval. Step 3: Learn how a loan officer can help.

Pre-approval 131

Pre-approval Pre-qualification Debt-to-income ratio Loan Officer 131

Housing Wire

NOVEMBER 8, 2021

Alex Naumovych, a loan officer at Draper & Kramer , has noticed similar trends in his work at a lender. Often times I’ll come in on a Monday and I’ll have emails saying that clients put offers in on homes and had them accepted even though we didn’t write up a pre-approval level,” Naumovych said.

VA loan 416

VA loan Agents Pre-approval Debt-to-income ratio 416

Housing Wire

AUGUST 27, 2021

The story, “The secret bias hidden in mortgage-approval algorithms,” included statements from fair housing activists who concluded that there is “systemic racism” in the mortgage process. When I started my career as a loan officer, there were no credit scores. This rule remains in effect today.

Debt-to-income ratio 435

Debt-to-income ratio Purchase and sale agreement Pre-approval Loans 435

Realty Biz

JANUARY 19, 2024

This documentation will be necessary when applying for a mortgage pre-approval. If your credit score needs improvement, address any outstanding debts or errors in your credit report. It's advisable to reach out to multiple lenders and obtain pre-approval. Next, examine your credit score and history.

Debt-to-income ratio 100

Debt-to-income ratio Pre-approval Purchase and sale agreement Inspection 100

Realty Biz

SEPTEMBER 30, 2023

Seek professional advice: Working with a mortgage professional, such as a loan officer or mortgage broker, can provide valuable guidance. They can help you navigate the mortgage process and identify suitable options based on your financial situation and provide you with a pre-approval.

Finance 96

Finance Debt-to-income ratio FHA loan Mortgages 96