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

Your Debt-To-Income Ratio and How It Affects Your MortgageWhen 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. Continue reading

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

Buying a Home With a Mortgage? Here's What You Can Expect at Your Closing MeetingIf 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. Continue reading

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

Trim Your Mortgage Closing Costs by Following This Easy 3 Step GuideYou 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. Continue reading

Thinking About Refinancing Your Mortgage? 4 Ways to Ensure It’s Worth Your Time

Thinking About Refinancing Your Mortgage? 4 Ways to Ensure It's Worth Your TimeIf you’re familiar with the real estate market, you’ve likely heard the term ‘refinancing’ and may be wondering what this can mean for your mortgage and your financial well-being. While refinancing can be a great benefit for those who are looking for a lower interest rate or a different mortgage type, here are the details on what it can offer and whether or not it will work for you. Continue reading

Did You Know: 3 Reasons Why Mortgage Pre-approval Should Be Your Very First Step

Did You Know: 3 Reasons Why Mortgage Pre-approval Should Be Your Very First StepThere are so many details involved in the mortgage process that you may not be aware of what pre-approval is if you’ve just entered the market. However, pre-approval assesses your ability to make monthly mortgage payments and can be an important first step in the home-buying process. If you’re currently contemplating a home purchase, here’s why you may want to consider pre-approval first. Continue reading

If Your Home Is Destroyed in a Natural Disaster, What Happens to Your Mortgage?

If Your Home Is Destroyed in a Natural Disaster, What Happens to Your Mortgage? When you’ve been in your home for a while and have established a certain amount of equity, it can be a good feeling to know that you have an investment you can count on. However, with changing weather patterns you may be afraid of a natural disaster striking and what it could mean for your financial well-being. If you’re curious about how this can impact your mortgage, here are a few things to consider. Continue reading

4 Misconceptions About Reverse Mortgages — and Why You May Decide You Want One

4 Misconceptions About Reverse Mortgages -- and Why You May Decide You Want OneWith so many mortgage products available on the market, it can be hard to know which ones will serve you best as a homeowner. As a result, there are many mistruths surrounding the reverse mortgage products. If you’ve heard of this homeownership option and are wondering what it can do for you, let’s clear away some of the misconceptions. Continue reading