The Income You Need To Get Approved for a $1 Million Home

How much income do you need to buy a 1 million house? At this price-point, lenders will pay close attention to your income, credit score, down payment, and debt-to-income (DTI) ratio. Jumbo loans enter the picture when purchasing homes over $1 million. Jumbo loans typically have higher interest rate

Here’s How Much You Need to Make to Afford A $300k Home

How much income do you need to buy a $300,000 house? You might be trying to get a ballpark estimate before seeking a lender pre-approval. Lenders look at a number of different factors when determining loan sizes. Your down payment and income are the two biggest factors. However, credit score and deb

Here’s How Much You Need to Make to Afford A $500k Home

How much income do you need to buy a $500,000 house? The answer might depend on how you plan to finance your home purchase. Your “cash down” will look different based on whether you choose a conventional or FHA loan. Also, the current mortgage rate can affect your income-based borrowing power. That’

Seller Concessions: Definition, Examples, & Loan Types

Seller concessions are a great negotiating point on both the buying and selling side of any home sale. They are exciting for buyers as they mean lower costs, while also helping out sellers who want to close quickly. But, what exactly are seller concessions and how can you make the most of them? We’l