26 Sep 2022
By RESCO Realty

What’s Ahead For Mortgage Rates This Week – September 26, 2022

Financial Reports, ,
Last week’s economic reporting included readings on housing markets, building permits issued, housing starts, and sales of previously-owned homes. The Federal Reserve released its scheduled monetary policy statement and gave a  press conference with Fed Chair Jerome Powell. Weekly readings on mortgage rates and jobless claims were also published. NAHB: Home Builder Confidence In Housing Markets Lags for 9th Consecutive Month The National Association of Home Builders reported lower builder confidence in housing markets in September; this was the ninth straight month that builder confidence fell. Readings of 50 and above indicate that most home builders surveyed reported positive views…
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23 Sep 2022
By RESCO Realty

What To Know About Your Debt-To-Income Ratio When Buying A Home

Real Estate, ,
When you apply for a mortgage, your lender will do some quick math to figure out how much of a loan you can afford. Your lender will consider many factors, and one of the most important ones is your debt-to-income ratio. It is usually shortened to DTI, and understanding this formula can help you better understand how big of a house you can afford.  An Overview Of A DTI Your DTI represents the amount of money you spend compared to the amount you make. Your lender is going to have very strict DTI requirements when deciding whether you can be…
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22 Sep 2022
By RESCO Realty

Let’s Talk Buyer Qualification: How to Ensure You Sell Your Home to the Right Buyer

Home Seller Tips, ,
Are you listing your home for sale? If so, it is time to get ready to meet with buyers and their real estate agents. And while you surely want to sell your home as quickly as possible, you will also want to do your homework to make sure you're selling to the right person. Let's explore the process of buyer qualification and why it's important to do a little digging into potential buyers of your home. Is Your Buyer Pre-Approved For Mortgage Financing? First, you'll want to check with your buyer to see if they are approved for mortgage financing.…
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