Housing Wire

DECEMBER 29, 2023

With so many approved, online options to choose from, we’ve pinpointed the best online real estate courses in New York using criteria that matter most to you: flexibility to fit your schedule, a price that fits your budget, and a course that’ll prepare you to ace the exam and start your new career with confidence and industry savvy.

Pre-approval 448

Pre-approval Agents Development Technology 448

Lighter Side of Real Estate

FEBRUARY 2, 2023

Get Pre-approved Ahead of Time You should always get pre-approved before you actually start looking at homes you want to buy, but many people don’t. But beyond that, getting pre-approved ahead of time is a good chance to speak to a few mortgage professionals and get a feel for them, which leads to… 2.

Pre-approval 104

Pre-approval Pre-qualification Mortgages Loans 104

Lab Coat Agents

NOVEMBER 20, 2024

If you are the buyer, this means you inherit the loan’s principal balance, interest rate, and repayment terms. The seller’s lender must approve the assumption, guaranteeing the buyer is creditworthy and capable of managing the mortgage payments. The buyer must also meet qualifications for demonstrated creditworthiness.

Purchase and sale agreement 98

Purchase and sale agreement Mortgages Pre-approval VA loan 98

Redfin

JULY 11, 2023

You then make monthly payments, including principal and interest, over an agreed-upon term (usually 15 to 30 years) until the loan is fully repaid. Government-backed loans, such as FHA or VA loans, provide more flexible qualification criteria and specific benefits. How does the mortgage pre-approval process work?

Pre-approval 59

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

HomeLight

AUGUST 16, 2021

Second mortgages : These are loans you can take out to subsidize the down payment in addition to taking out a principal mortgage. Then, they’ll give you a conditional approval stating the amount of the mortgage you’ve been preapproved for (as well as a good idea of your rate).

Loans 105

Loans VA loan FHA loan Purchase and sale agreement 105

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). A mortgage calculator will estimate your mortgage payment, including the principal and interest, taxes, insurance, HOA, and PMI.

Earnest money deposit 63

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

HomeLight

AUGUST 31, 2022

What qualifications do I have to meet to access my home’s equity? If that application is approved, they now have two loans. Because it’s an installment loan, the couple receives all the funds upfront and pays back principal and interest on a pre-set schedule, usually over five to 15 years.

Equity 105

Equity Finance Loans Closing costs 105