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.
Flooding in California, the FAA probes a near-plane collision at JFK, and Greta Thunberg is detained. Here is everything you Need2Know for Tuesday, January 17, 2023.
This week's releases include an album from Lukas Graham, the Bryan Cranston Showtime series "Your Honor," and a new Nintendo Switch game from the Fire Emblem franchise.
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