Thinking about buying a home but not sure where to start? You may want to think about applying for a mortgage. Maggie Leigh Marshall, Licensed Associate Real Estate Broker, joins Your Future Home to discuss what paperwork is needed to get a mortgage and how to present the best offer possible. There is a very big difference between being pre-approved and pre-qualified for a mortgage. Marshall talks through what each step means and explains why it's so important to make sure you are pre-approved before jumping into the housing market. Plus, what do sellers want to see in an offer? Marshall says you need to provide proof-of-funds and a good debt/income ratio. For a reference, she believes your debt shouldn't exceed your income more than 30%. However, the lower the number is the better chance you have to be approved for the house.

Share:
More In Culture
On the Scene: Listening to Classical Music in the Green-Wood Cemetery Catacombs
Classical music concerts have been popular since the age of Beethoven, Bach, and Mozart, but you've probably never thought about attending one in a cemetery. Our own Chloe Aiello spoke with Andrew Ousley, founder of Death of Classical, to learn more about a concert series held in the catacombs of the Green-Wood Cemetery in Brooklyn.
Walk and Talk With 'Fresh Face of Fashion' Madhulika Sharma
You may not know her name, but you've probably seen her face. Madhulika Sharma has graced Vogue India and ELLE Magazine and modeled for popular brands such as Reformation and Skims. Cheddar's own Hena Doba spoke with Sharma to discuss her globe-spanning modeling career, her education in fashion history, and working alongside Kim Kardashian.
First Nonbinary Actors Win Tonys in Writerless Awards Show
The intimate, funny-sad musical “Kimberly Akimbo” nudged aside more splashier rivals on Sunday to win the best new musical crown at the Tony Awards on a night when Broadway flexed its muscle in the face of Hollywood writers’ strike and fully embraced trans-rights with history-making winners.
Worshippers Hear a New Preacher: PastorGPT
The ChatGPT chatbot, personified by different avatars on a huge screen above the altar, led the more than 300 people through 40 minutes of prayer, music, sermons and blessings.
Load More