Finance Tip: Debt to Income Ratio
September 1, 2022
๐๐๐ซ๐ ๐จ๐ง ๐๐ฅ๐๐ซ๐ญ ๐จ
Debt to income ratio is one phrase you'll often come across when researching or applying for a mortgage.
What is it ๐ฆ๐น๐ข๐ค๐ต๐ญ๐บ?
Your ๐๐๐๐ญ-๐ญ๐จ-๐ข๐ง๐๐จ๐ฆ๐ ๐ซ๐๐ญ๐ข๐จ determines how much debt you have compared to how much money you make each year. ๐ฐ
Lenders usually work around student loans, but other types of debt may affect your qualification.
๐กIt is always best to pay down your debt as soon as possible if you're planning to apply for a mortgage to keep your debt-to-income ratio at a favorable rate!
Get the best home-selling experience when you partner with us!
๐ฌ (๐๐๐) ๐๐๐-๐๐๐๐
Situated in Neptune Township, Ocean Grove is an unincorporated community and census-designated place (CDP) in Monmouth County, New Jersey, United States.
๐Real Estate 101 ๐ What is Pending? ๐ค โกWhen all the requirements have been satisfied and the buyer and seller are getting ready to close, the deal is considered "pending." Since it seems improbable that the sale will go through at this time, either the buyer or the seller who withdraws now runs the risk of losing the earnest money. Do you have specific questions and concerns about getting in the real estate market? We would love to help! ๐๐จ๐ง๐ญ๐๐๐ญ ๐ฎ๐ฌ ๐ฒ (๐๐๐) ๐๐๐-๐๐๐๐
The primary purpose of a final walkthrough is to make certain that the property is in the condition in which you agreed to buy it, including whether agreed-on repairs were made, and that nothing has gone wrong with the home since you last looked at it. ๐ Here is a checklist to help you remember the not-so-obvious things that can go wrong prior to closing.โ
Property advice you can always count on.๐ฏ #EvolutionRealEstatePartners Whether you are planning to buy or sell real estate, we got your back. Call us! ๐ฑ(917) 217-0599
Don't accept mediocrity. Give the situation your greatest effort. When you need a little extra help, reach out to find the best help possible. Your partners for success, #EvolutionRealEstatePartners ๐ฒ (๐๐๐) ๐๐๐-๐๐๐๐
The most important thing about real estate is ๐๐๐๐๐๐๐๐! The condition and price of any home can be changed. You can even change the size of the house. The one thing you can't change is the home's location. Being located near schools, public transportation and hospitals make a big difference. โจ Some home buyers prefer to have the ๐๐๐๐ ๐
๐๐๐๐๐๐๐ prioritized. The idea of the perfect home for them has their preferred style of the home, yard, or even the flooring. Considering you will be living in this house for a year or longer, it is important to pay attention to these details. ๐ก ๐๐ก๐ข๐๐ก ๐ข๐ฌ ๐ฆ๐จ๐ซ๐ ๐ข๐ฆ๐ฉ๐จ๐ซ๐ญ๐๐ง๐ญ ๐ญ๐จ ๐ฒ๐จ๐ฎ? ๐๐ฅ๐๐๐ฌ๐ ๐ฅ๐๐ญ ๐ฎ๐ฌ ๐ค๐ง๐จ๐ฐ ๐ข๐ง ๐ญ๐ก๐ ๐๐จ๐ฆ๐ฆ๐๐ง๐ญ๐ฌ ๐๐๐ฅ๐จ๐ฐ ๐
Buying a home is one of the biggest investments you will ever make. ๐ฏ You need an expert to guide you every step of the way! Swipe โฌ
to see the risks you'll take when buying a home without a real estate agent. Ready to start your homebuying journey? We'd love to be your partners. ๐ฒ (๐๐๐) ๐๐๐-๐๐๐๐
How do you take care of your home when temperatures drop and your days get busier? โ Check out our home maintenance checklist for the month of December! Swipe ๐ to view our tips and reminders on how to keep your home safe and comfortable during the last month of the year. Make sure to save this post and share it with other homeowners! What have you done so far? ๐ Let us know! โก @evolutionrealestatepartners
As days are getting shorter, we need all the help that we can get to make our day (and homes) brighter! โ๏ธ Did you know? ๐๐๐ฅ๐ฅ๐จ๐ฐ ๐๐ซ๐๐๐ญ๐๐ฌ ๐ญ๐ก๐ ๐ข๐ฆ๐ฉ๐ซ๐๐ฌ๐ฌ๐ข๐จ๐ง ๐จ๐ ๐ฅ๐ข๐ ๐ก๐ญ ๐๐ง๐ ๐ฐ๐๐ซ๐ฆ๐ญ๐ก. It gives off a positive vibe and is very pleasing to the eyes. Yellow works great as an accent wall too! It can make any area look more expansive and welcoming. ๐ Make sure to follow us on social media for practical #homedecor tips! ๐๐ง๐ฌ๐ญ๐๐ ๐ซ๐๐ฆ: evolutionrealestatepartners ๐
๐๐๐๐๐จ๐จ๐ค: /evolutionrealestatepartners
Thankful. Grateful. Blessed. โจ We wish you a day filled with great company, scrumptious meals, and heart-warming memories that lasts through the year. ๐ ๐๐๐ฉ๐ฉ๐ฒ ๐๐ก๐๐ง๐ค๐ฌ๐ ๐ข๐ฏ๐ข๐ง๐ , ๐๐ฏ๐๐ซ๐ฒ๐จ๐ง๐! ๐
Close the BEST deal possible. Check out these five negotiables for homebuyers: ๐. ๐๐ฅ๐จ๐ฌ๐ข๐ง๐ ๐๐จ๐ฌ๐ญ โ
If you were offered a specific rate, ask why and how much the closing costs are. ๐. ๐๐ซ๐ข๐๐ ๐จ๐ ๐ญ๐ก๐ ๐ก๐จ๐ฎ๐ฌ๐ โ
We're here to guide you. The more time the property spends on the market the more room you can negotiate as a buyer. ๐. ๐๐ก๐ ๐๐จ๐ซ๐ญ๐ ๐๐ ๐ ๐๐๐ญ๐ โ
It's possible that different lenders will offer not only different programs but also different rates. ๐. ๐๐๐ซ๐ง๐๐ฌ๐ญ ๐๐จ๐ง๐๐ฒ ๐๐๐ฉ๐จ๐ฌ๐ข๐ญ โ
Earnest money is the amount you put down to show that you are serious about buying the property. You must consider increasing the amount of your deposit to show that you mean business. ๐. "๐๐จ๐ง๐๐ฒ ๐๐๐๐ค" ๐๐ญ ๐๐ฅ๐จ๐ฌ๐ข๐ง๐ โ
Buyers get help from sellers to offset closing costs, so they end the process with more liquid cash. ๐
๐จ๐ฅ๐ฅ๐จ๐ฐ ๐ฎ๐ฌ ๐จ๐ง ๐ฌ๐จ๐๐ข๐๐ฅ ๐ฆ๐๐๐ข๐ ๐๐จ๐ซ ๐ฆ๐จ๐ซ๐ ๐๐ฎ๐ฒ๐๐ซ ๐ญ๐ข๐ฉ๐ฌ: ๐๐ง๐ฌ๐ญ๐๐ ๐ซ๐๐ฆ: evolutionrealestatepartners ๐
๐๐๐๐๐จ๐จ๐ค: /evolutionrealestatepartners
Brokered By:
Keller Williams Realty, Inc. is a real estate franchise company. Each Keller Williams office is independently owned and operated. Keller Williams Realty, Inc. is an Equal Opportunity Employer and supports the Fair Housing Act.
CONTACT US
Office: 732-536-9010
Mobile: +1 917-217-0599
45 County Road 520 - Suite 200
Englishtown, NJ 07726
Real Estate Web Design by Bullsai