Category: Mortgages

Why Your Debt-to-Income Ratio Matters

Written by Jason Nelson on July 23, 2018
Why Your Debt-to-Income Ratio Matters

Just about everyone is aware that they have a credit score, and that banks use a credit score to determine your eligibility for loans and other services, but there is another number that is discussed far less often. The debt to income ratio, or DTI, is an equally important number that you need to be […]

Homeowners Insurance FAQs for First-Time Home Buyers

Written by Jason Nelson on July 9, 2018
Homeowners Insurance FAQs for First-Time Home Buyers

For first time home buyers, homeowner’s insurance can be a frightful topic. The insurance industry as a whole is very confusing to deal with, and the requirement for homes to be covered adds to the complexity of closing the deal. Homeowners must be sure to arm themselves with plenty of information before deciding on an […]

How Millennials Can Prepare for and Qualify for a Mortgage

Written by Jason Nelson on June 6, 2018
How Millennials Can Prepare for and Qualify for a Mortgage

A lot has been said about millennials and their inability or unwillingness to take out mortgage loans until later in life than previous generations. Often plagued by student loan debt and underemployment, many millennials are just now starting to make headway toward owning a home of their own. Fortunately, mortgage companies have kept an eye on the […]

How Do You Know If Your Home Can Qualify for an Equity Loan

Written by Jason Nelson on May 23, 2018
home equity loan

Whether we refer to a traditional home equity loan or home equity lines of credit (HELOC), home equity financing options allow homeowners to finance home improvements or repairs, make down payments on second homes, consolidate debt, cover unexpected expenses like medical bills, and pay for other non-housing needs. Although the number of homeowners tapping into […]

5 Questions to Ask Potential Mortgage Lenders

Written by Jason Nelson on May 11, 2018
mortgage lenders

The largest undertaking in buying a home is making the commitment to a mortgage. It is vital to find the most affordable and desirable mortgage offer available to you. Before authorizing a mortgage lender to initiate a loan in your name, be sure to fully understand exactly what their loan requires and offers. If you […]