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.
Talk show host Jerry Springer speaks in New York on April 15, 2010. Springer, the former Cincinnati mayor and news anchor whose namesake TV show unleashed strippers, homewreckers and skinheads to brawl and spew obscenities on weekday afternoons, has died. He was 79. A family spokesperson died Thursday at home in suburban Chicago. (AP Photo/Richard Drew, File)
Kenan Thompson is now the longest-serving cast member in the history of Saturday Night Live, starting his tenure back in 2003. The actor and comedian talked about the show, the upcoming Good Burger sequel, and his efforts to recruit and develop young talent around the country through his organization YoungStars 360.
