Remove Debt-to-income ratio Remove Pre-approval Remove VA loan
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The impact of student loans on buying a home

Housing Wire

If you’re considering buying a home but worry that student debt will prevent you from securing a mortgage, you’ll need to be strategic about your approach to increase the probability of your application getting approved. Student loan debt may affect your home-buying goals in a few key ways.

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Agents fight misconceptions to win deals for military veteran clients

Housing Wire

This is an absolute must, especially in the market right now as it gives the lender an opportunity to fill the listing agent in on the buyer’s background and how the VA loan process works,” Pascoe explained. There remains a belief among listing agents and their clients that the VA appraisal and closing process will be a hassle.

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FHA borrowers are getting hammered by rising rates

Housing Wire

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. Multiple LOs told HousingWire that they’ve had to cut pre-approvals for FHA borrowers by about 15% in response to the rise in interest rates.

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Answering Your Top Questions About Home Affordability Calculators

HomeLight

It’s tough to say without a mortgage approval, but it always helps to start with a home affordability calculator. You may be wondering how affordability calculators work if you’re ready to get some numbers down on paper before showing up for a pre-qualification meeting with a lender. How much can I afford with a VA loan?

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Today’s Mortgage Rates March 20, 2025: Rates Rise Marginally This Week

Marco Santarelli

VA Loans – A Benefit for Veterans: Backed by the Department of Veterans Affairs, VA loans offer significant advantages to eligible veterans, active-duty service members, and surviving spouses. These loans often come with no down payment requirements and competitive interest rates.

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Today’s Mortgage Rates Rise to Highest Point Since June 2024

Marco Santarelli

A down payment of 20% or more not only decreases the loan amount but also eliminates private mortgage insurance (PMI), making your overall payments more affordable. Debt-to-Income Ratio: Lenders prefer lower debt-to-income (DTI) ratios. When choosing a lender, dont just focus on interest rates.

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Am I A First-Time Homebuyer? Who’s Qualified … And Who Isn’t

HomeLight

If you don’t have a lot of cash saved and you are a veteran or looking for a home a bit outside of the city, then you may qualify for no-down payment loans, such as a VA or USDA loan. When loan environments are riskier (like during an economic recession), it can be harder to get these kinds of loans.