How Do People Buy Million Dollar Homes -
Lenders typically demand a credit score of 700+ , a debt-to-income (DTI) ratio below 43% , and 6–12 months of cash reserves .
When a loan exceeds the federal limit (usually around $800k–$1M depending on the area), buyers must secure a . how do people buy million dollar homes
High-net-worth individuals often don't want to liquidate their investments (like stocks or bonds) because they don't want to pay capital gains taxes or lose out on market growth. Lenders typically demand a credit score of 700+
