How Much Cash Do I Need in the Bank to Buy a Home?
How much cash do I need in the bank to buy a home? Three things: your down payment, your closing […]
Mortgage Qualification
What Can Cause a Mortgage Pre-Approval to Be Denied?
What can cause a mortgage pre-approval to be denied? New credit accounts, a credit score drop, a job change, large
What Credit Score Do You Need for a Mortgage, Really?
What credit score do you need for a mortgage? For a conventional loan, generally 620. For FHA, as low as
What Happens After Pre-Approval?
What happens after pre-approval? Your search begins in earnest. But your file isn’t finished yet. Pre-approval gives you a strong,
The Complete Guide to Mortgage Qualification in Texas
e Mortgage qualification in Texas comes down to four factors: your credit, your income, your debt, and your cash reserves.
What Counts as Income for a Mortgage?
What counts as income for a mortgage goes well beyond a W-2 paycheck. Bonus pay, Social Security, rental income, alimony,
How Lenders Calculate Debt-to-Income Ratio
Your debt-to-income ratio, often shortened to DTI, plays as big a role in your mortgage approval as your credit score,
What Documents Do You Need for a Mortgage Pre-Approval?
Nothing slows down a mortgage pre-approval faster than scrambling for documents after the process has already started. The good news:
What Does Mortgage Pre-Approval Really Mean?
“Pre-approved” might be the most-used — and most misunderstood — phrase in home buying. Buyers hear it, Realtors ask for