As you’ll see in the video, lenders consider your debt-to-income ratio, which is a comparison of your gross (pre-tax) income to housing and non-housing expenses. Non-housing expenses include such long-term debts as car or student loan payments, alimony, or...
Watch this video and take a few notes! First, devise a checklist for the information from each lending institution. You should include: the company’s name and basic information the type of mortgage minimum down payment required interest rate and points...
A loan estimate lists your loan terms, projected payments, costs at closing, and measures for comparison, including Annual Percentage Rate and Total Interest Percentage, along with other considerations that the lender may apply to this loan application. Each...
For most real estate loans, you will receive a Closing Disclosure three business days before loan consummation – which frequently happens at the closing meeting. At the meeting itself, you should receive a copy of your Mortgage Note – your obligation to...
As you’ll see in the video, every home and market is a unique situation. Good marketing plans are specific to both. But every plan will include: Preparation Pricing and Marketing Activities. Preparation takes time – typically, months. Homes must be in...