Connect

Find us on...

Dashboard

Login using...

New Search X

June 2017

Found 2 blog entries for June 2017.

Should I Get Pre Approved for a MortgageWhen the time comes to purchase a home, one of the most common pieces of advice given to buyers is to get pre-approved for a mortgage before beginning to look at homes. But prospective buyers who are in a hurry to purchase may view the mortgage pre-approval process as tedious or something that can be postponed until after they find the right home. In reality, nothing could be farther from the truth. 

When prospective buyers make this mistake they may actually be setting themselves up for a much more difficult home buying process. This may be due to an increased likelihood that an unapproved buyer will make a bad purchase decision or that they will be far more likely to experience unnecessary financial difficulties during and after the sale

1,073 Views, 0 Comments

Understanding the Debt-to-Income RatioApplying for a mortgage can be a big step for anyone, and while it’s very exciting, it can also be a little stressful. Many individuals spend a lot of effort making sure their credit score is good enough and that they are caught up on all of their bills, but there is another part of the approval process for a home loan that many don’t know about.

Referred to as the debt-to-income ratio, lenders look at how much debt someone has and compare it to their income and what their potential mortgage payment would look like. It’s an important figure to consider and can sometimes make the difference between getting the house of your dreams or not.

What Exactly Is DTI?

When lenders calculate your debt-to-income ratio, or DTI, they take a lot of

1,794 Views, 0 Comments