Qualifying Debt to Income Ratios

A  major factor in qualifying for a mortgage is the borrower’s debt to income ratio (DTI). When calculating your debt to income ratio, you first add up all of your monthly minimum debt payments and then divide that by your gross monthly income.  Your potential...

For the second time buyers…

Some of my conversations with second time home buyers start off with uncertainty of where they should begin.  Particularly the ones who currently still own their first home.  While some buyers know their plan and just want my assistance making it happen, others want...

The BIG Decision….Rate Locks

It’s all about risk.  Between the times you start your application and the time you close your  loan, interest rates will do what they always do – change.  At times, the rate of change is exceptionally volatile, even from one minute to the next....

Mortgage Guideline Tip – Refi Process

Searching for information regarding refinancing? I have put together a quick summary of the process from application to closing below. The Application After we determine that a refinance will be beneficial for you, we start the application.  Much like your original...