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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Wondering How Much Mortgage You Can Afford? Here’s How to Calculate It

January 13th, 2017|

Many people are aware of the financial commitment that is involved when investing in a home, but what that amounts to is different for every person. From what you can afford to what a lender will allow, there are plenty of details involved in determining the right home for you. If you're not quite sure what the right price is, here's how to approach home ownership and determine your debt-to-income.

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Mythbusting: Understanding Mortgage Myths and Why They Shouldn’t Hold You Back

December 21st, 2016|

With the fluctuations in real estate and the increasing cost of home ownership, many people are entering the market with more trepidation these days. If you're interested in purchasing a home but are unsure about whether it will get approved, here are a few myths you may want to dispel.

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3 Simple Tips for Boosting Your FICO Credit Score Before Applying for a Mortgage

December 7th, 2016|

There are a variety of factors that are involved in getting your mortgage approved, but few things will have more of an impact than your FICO score and the credit history that goes along with it. Instead of leaving your score up to chance when submitting your application, here are a few ways that you can boost your financial wellbeing and leave your credit score better off than it was before.

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Planning to Get a Mortgage in 2017? 4 Reasons Why It’s Time to Start Paying Down Other Debts Now

October 13th, 2016|

Buying a home is an ideal investment for many people because not only is it a place that belongs to them, it can also be very beneficial financially. While you may be strongly considering buying a home for these reasons, it's also important to be in good financial health so that your ideal home purchase is within reach. If you're currently perusing the market for prospects, here are some reasons you should pay down debt before taking the leap into home ownership.

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Spouse with Bad Credit? 3 Reasons You’ll Want to Consider a Co-signer for Your Mortgage

August 3rd, 2016|

If you're concerned about what bad credit will mean for your mortgage and are weighing your options, here are some reasons why it might be important to use a co-signer for your application.

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FICO Scores 101: How to Shop for a New Mortgage Without Harming Your Credit Score

September 29th, 2015|

It's difficult to begin shopping around for a new mortgage without the facts on how this can affect your FICO score. Thankfully, not all credit checks are created equal and they do not affect FICO scores in the same way.

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Will Missing Mortgage Payments Impact My FICO Score? Yes – and Here’s How

August 11th, 2015|

If you're like most homeowners, you probably believe that one missed mortgage payment won't have a noticeable impact on your FICO score. People get behind now and then, and besides, you've been faithfully making payments on time for years. How bad could it be?

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