If you’re looking for mortgage financing, you may have already come across the term debt-to-income ratio or DTI. This figure will play an important part in whether you get mortgage financing and the amount of financing that is available to you. Comparing Debt to Income Your DTI ratio is a […]
A 15-Year Mortgage vs. 30-Year Mortgage: Which Is Right for You?
When you are mortgage shopping, you’re often confronted with a confusing array of rates, terms, lending criteria and on and on. One of those options is the term of the loan. Both 15-year mortgages and 30-year mortgages have their own set of pros and cons. You should consider these against […]
Why are Homebuyer Education Courses so Important?
It’s safe to say that the homebuying process is considerably more complex than leasing or renting an apartment, home, or studio. Owning your home requires a long-term financial commitment and heavy responsibilities. Fortunately, some states provide what are known as “homebuyer education courses” that can be completed in a classroom […]
