When applying for a home loan, you will hear the term “debt-to-income ratio” and why you need to know yours. Debt-to-income ratio is the total amount of money you owe per month to the total you earn, shown as a percentage, and is essential to understanding your financial health.
For many would-be homeowners, fulfilling the American Dream and owning their own home is often put off by one obstacle in particular—student loan debt. As a first time homebuyer with student debt, you may find yourself renting a home or apartment instead of purchasing your own home, which can be demoralizing if you yearn to […]
If you are shopping for a mortgage to buy a home, or looking to refinance the mortgage you currently have, how can you estimate how much you will be paying in mortgage rates? After all, it is what determines how much you will be paying each month. A number of factors determine how your mortgage […]