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
Xavier Mortimer on Social Media Success, His Vegas Show 'The Dream Maker'
With more than 6 billion views on YouTube and 12 million followers on social media, Xavier Mortimer is an award-winning, internationally-acclaimed magician and social media star. The former Cirque du Soleil performer joined Cheddar News to discuss his rise to fame on social media amid the pandemic. “Well basically my show closed overnight, and I had nothing else to do," he said. "I started to film videos at home and they took off on TikTok and Instagram." Mortimer also talked about "The Dream Maker," his Las Vegas magic show and even performs a little trick for Cheddar.
The Folklore Founder's Rapid Rise
Amira Rasool, CEO and Founder of The Folklore, discusses her $1.7 million pre-seed funding round and why she's being intentional about the investors she's working with.
Load More