In today’s post we’ll take a look at a few ways that you can analyze your financial situation to help decide how much mortgage you can truly afford.
Assessing Your ‘Debt-to-Income Ratio’ and Why This Number Matters When Getting a Mortgage
For those who are looking to buy a home soon, keep in mind that the Debt-to-Income ratio of the borrower plays a huge role in the approval of your mortgage application. A low DTI may make it easier for the lender and the underwriter to justify making a loan to the borrower.
Assessing Your ‘Debt-to-Income Ratio’ and Why This Number Matters When Getting a Mortgage
For those who are looking to buy a home soon, keep in mind that the Debt-to-Income ratio of the borrower plays a huge role in the approval of your mortgage application. A low DTI may make it easier for the lender and the underwriter to justify making a loan to the borrower.
Buying a Home? 4 Steps You Can Take to Ensure You Start out with a Low Monthly Mortgage Payment
Are you thinking about buying a new house or condo? If so, you’ve likely given some thought to your mortgage and as to how you can pay as little as possible in order to own your new home.
Did You Know: Five Factors That Lenders Won’t Even Consider When Assessing You For a Mortgage
In today’s blog post we’ll look at five factors that a lender or mortgage underwriter won’t consider when assessing your suitability for a mortgage loan.
