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
Need2Know: February 10, 2023
The death toll in the Turkey Syria earthquake has passed 21,000, Minnesota Rep. Angie Craig was attacked, and shots to stop bird flu. Here is everything you Need2Know for Friday, February 10, 2023.
Sit Down with Marcus Samuelsson at His Latest NYC Restaurant
Cheddar News is hitting the ground this black history month and putting the people front and center. Our Hena Doba caught up with celebrity chef, restaurateur, and television personality Marcus Samuelsson at his newest NYC restaurant, Hav & Mar, to talk about how he's celebrating culture and seafood, and fueling representation in the industry
Load More