About Steve Levitt

As a nationally recognized Certified Mortgage Planning Specialist® (CMPS), an FHA expert and Vice President of Mortgage Lending at Guaranteed Rate, Mr. Levitt has been educating homebuyers about the real estate financing process since 1991.

Buying a Home With a Mortgage? Here’s What You Can Expect at Your Closing Meeting

April 6th, 2017|

If you've decided to invest and have finally found your ideal home, it's probably an exciting time for you and your family. But before the deal is sealed, there will be a closing meeting so that all of the loose ends can be tied up. If you want to be ready for closing and are curious what the final meeting will entail, here are a few things to be prepared for.

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Your Debt-To-Income Ratio and How It Affects Your Mortgage

April 5th, 2017|

When you're delving into the market in the hopes of finding your dream home, it's likely you'll come across the term debt-to-income ratio. This may not seem important at first, but your DTI is the key to determining the amount of money you can put into your home and just how much you should spend on a monthly basis. If you're curious about what this means for you, here's how to calculate it and how it can impact your mortgage.

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Understanding Mortgage Amortizations and Why Longer Periods Can Cost More

April 4th, 2017|

Buying a home is one of the largest investments you will make in your life, and that's why so many people have longer mortgage amortization periods to pay down the principal. While it may seem appealing to have a longer amortization period, here's why an extended loan term can end up costing you more and may be less financially beneficial when it comes right down to it.

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What’s Ahead For Mortgage Rates This Week – April 3, 2017

April 3rd, 2017|

Last week's economic news included Case-Shiller Home Price Index reports, pending home sales, and consumer confidence readings. Weekly readings on average mortgage rates and new jobless claims were also released.

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Student Loans vs. Down Payments: 3 Ways You Can Manage Both and Buy a New Home

March 31st, 2017|

The idea of paying off your student loans and buying a home at the same time can seem like an impossible feat given the impact on your Debt-to-Income (DTI) ratio. However, there are ways it's possible to have enough funds and good enough credit to make your dream of home ownership come true a little more quickly.

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Trim Your Mortgage Closing Costs by Following This Easy 3 Step Guide

March 30th, 2017|

You may be so busy with determining your debt-to-income ratio and deciding what kind of offer to make that closing costs have gotten lost in the mix, but it's important to remember that finalizing your mortgage will cost you extra. While there's no way to get around paying money to solidify your mortgage, there are a few steps you can take in order to make it more economical for you.

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Worried About Climate Change? Here Are 4 Ways to Make Your Home More Climate Friendly

March 29th, 2017|

Many people are concerned with having a negative impact on the environment, but it can be hard to know where to begin when it comes to climate friendly solutions around the home. Whether you're planning for a future investment or are interested in fixing-up the home you're in, here are some solutions for greening up your personal space that won't bust the bank.

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Renovating on a Budget? Check Out These Equity-boosting Inexpensive Home Upgrades

March 28th, 2017|

The idea of embarking on home renovations may strike many homeowners as an expensive one, but there are plenty of ways that you can easily upgrade your home without spending a lot of money. If you're looking for improvements that will truly (and frugally) improve the value of your home, here are a few do-it-yourself options you may want to consider.

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