Lighter Side of Real Estate

AUGUST 5, 2020

Between an accepted offer and closing, there are lots of moving parts and boxes that need to be checked: from financing, to inspections, to the title search, to seller’s circumstances—and unexpected things can happen throughout the process. An accepted offer is an important milestone, but it doesn’t mean the deal is done.

Pre-approval 145

Pre-approval Debt-to-income ratio Title search Finance 145

Realty Biz

JANUARY 20, 2023

Get a Title Search and Title Insurance Before the lender will approve your home loan application, they need to confirm who the current owner of the property is. A title search examines public records to determine the property owner. Title insurance reflects the condition of the title.

Title search 79

Title search Debt-to-income ratio Title Loans 79

Redfin

MARCH 3, 2022

You’ll want to rethink purchasing that beautiful new couch and hold off on planning those backyard additions before the title has been cleared. Most title companies and attorneys don’t accept personal checks over $500, sometimes less. Clouds on the title. So how can you avoid a delayed closing? “A

Closing 63

Closing Title search Purchase and sale agreement Title 63

Redfin

SEPTEMBER 4, 2024

Personal factors include the loan terms, credit score, debt-to-income ratio, and employment history. The decision whether or not to refinance depends on several factors, but what do mortgage rates themselves depend on? Both personal and financial factors. Learn more about today’s mortgage rates.

Mortgages 69

Mortgages Debt-to-income ratio Closing costs Principal 69

HomeLight

JULY 29, 2022

When you’re buying a house, the list of what can go wrong at closing includes everything from issues with the mortgage loan and buyer’s credit, insurance snags, appraisal problems, title claims, and events beyond everyone’s control (such as natural disasters, or buyer or seller illness or death). Problem: You lost your job.

Closing 105

Closing Purchase and sale agreement Title Home sale contingency 105

HomeLight

MARCH 17, 2021

While you’ll find lots of ways to ballpark your housing budget, the real determiner will be your debt-to-income ratio , or DTI. The lender wants to be sure you can pay back the mortgage plus any other debts you owe, so the bank will calculate your DTI. Complete the title review (about a week before closing).

Pre-approval 98

Pre-approval Purchase and sale agreement Title Closing 98

HomeLight

AUGUST 16, 2021

As Hollowell has experienced with clients: “When you don’t appear in court for tickets, multiple tickets sometimes and if you have disregarded the parking ticket police and not paid those, they will come back, and you have to clear up those debts.”. Debts and expenses. Title documents.

Loans 105

Loans Mortgages Bankruptcy Purchase and sale agreement 105

Redfin

AUGUST 3, 2022

Determining how much house you can afford is the first step in the home buying checklist – setting a realistic budget will relieve stress in the long run and help narrow your home search. Here are the steps to determine how much house you can afford: First, determine your debt to income ratio (DTI).

Pre-approval 76

Pre-approval Purchase and sale agreement Title Debt-to-income ratio 76

HomeLight

SEPTEMBER 1, 2022

This program provides qualified community members with significant discounts through partnering with affiliated real estate agents, title and escrow services, and lenders. Department of Agriculture (USDA) offers loans for low income borrowers in more rural areas. USDA loans. How much can you afford?

FHA loan 111

FHA loan Loans Debt-to-income ratio Mortgages 111

Realtor.com

NOVEMBER 28, 2022

Direct loan: This will vary, but you can use the USDA’s Self-Assessment tool to get an estimate based on a preliminary review of factors like your income, debt, property location, and number of inhabitants. “They include fees for things like home appraisal , mortgage processing, and title search.”

Loans 95

Loans Mortgages FHA loan Debt-to-income ratio 95

Redfin

AUGUST 29, 2024

Debt-to-income ratio (DTI) Another major factor that a lender will consider when approving your mortgage loan is your debt-to-income ratio (DTI). DTI is calculated by dividing total monthly debts by gross monthly income. Once the money has been exchanged, the title is now in your name.

Earnest money deposit 63

Earnest money deposit Purchase and sale agreement Pre-approval Debt-to-income ratio 63

HomeLight

MARCH 31, 2022

And, as with any mortgage or loan, buyers will be evaluated for their debt-to-income ratio (DTI), credit score, and other qualifications to take on the loan. Title insurance. Title searches. Take a buyer education course. Homebuyers must also work with an approved lender for these programs. Appraisal fees.

Closing costs 104

Closing costs Loans Closing Debt-to-income ratio 104

Redfin

SEPTEMBER 14, 2023

It’s a crucial part of the homebuying journey, where details like the title search, inspections, and financing are finalized. Remember that credit requirements can vary between lenders, and factors like your income, debt-to-income ratio, and down payment will also influence your eligibility for a mortgage in Oregon.

Pre-approval 66

Pre-approval Debt-to-income ratio Title search Loans 66

Redfin

JUNE 14, 2023

Through pre-approval, a lender thoroughly assesses your financial situation, including income, credit history , and debt-to-income ratio, to determine the maximum loan amount they are willing to lend you. This allows you to confidently search for homes within your budget and make realistic offers.

Pre-approval 59

Pre-approval Debt-to-income ratio Closing costs Title 59

The Close

DECEMBER 29, 2022

Chain of title. As clients get ready for closing, they’ll hear a lot about the title. Chain of title is an historical record of previous owners of a property that’s essential in establishing the legal ownership of the property. An established chain of title helps protect the buyer from future challenges to ownership.

Purchase and sale agreement 98

Purchase and sale agreement Title Pre-approval Proof of funds 98

HomeLight

AUGUST 29, 2022

DTI: Your debt-to-income ratio helps the lender assess if you as a borrower would be able to afford your monthly payment. It shows the amount of debt you have in comparison to your income. Order a title search. A good credit score typically falls between 670 and 739.

Earnest money deposit 115

Earnest money deposit Title Inspection Title search 115