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 approvalCreative ways to manage assets and debts to qualify for a loanHow co-signers and financial assistance programs can help buyersWhy working with a local lender in Savannah is essentialAdvice for first-time homebuyers and real estate investorsResources Mentioned:The role of local lenders in navigating Savannah’s unique real estate challengesOptions for working with 401(k) funds or gifts for down paymentsInsights into purchasing investment properties in SavannahIf you would like to connect with Dana please reach out to Michelle directly - [email protected]

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