In the second part of the episode, Dana continues to explain how different factors such as debt-to-income ratios, assets, and income stability influence loan approval. Michelle and Dana discuss how getting creative with your finances, like using 401(k) loans or co-signers, can help buyers secure financing. They also touch on how to navigate the process when buying specialized properties, like condos, and why working with a local lender in Savannah is crucial. Finally, Dana shares her advice for first-time homebuyers and those looking to make investments in real estate in the current market.

Key Highlights:

• Understanding debt-to-income ratios and how they affect loan approval
• Creative ways to manage assets and debts to qualify for a loan
• How co-signers and financial assistance programs can help buyers
• Why working with a local lender in Savannah is essential
• Advice for first-time homebuyers and real estate investors

Resources Mentioned:

• The role of local lenders in navigating Savannah’s unique real estate challenges
• Options for working with 401(k) funds or gifts for down payments
• Insights into purchasing investment properties in Savannah

If you would like to connect with Dana please reach out to Michelle directly - [email protected]