Home Loans

Preparing to Have Your Debt-to-Income Ratio Evaluated

According to the new CFPB Mortgage Rules, borrowers applying for a mortgage must have a debt-to-income ratio of 43 percent or lower. While this change doesn’t differ from previous lending tactics, the number comes from calculating a borrower’s total monthly Read More

What to Expect for Mortgages and Buying a Home in 2014

The mortgage industry stands on the precipice of radical changes – modifications that are ultimately for the better but, in the short term, may actually slow down home sales. What finishes off 2013 sets the stage for 2014, with the Read More

The Hidden Costs of Homeownership

So, as you prepare to buy a home for the first time, you allot funds aside to pay the 20-percent down payment. However, the down payment and monthly mortgage amount make up just one portion of the many costs associated Read More

Five Crucial Terms for the Mortgage Application Process

It’s inevitable to start the mortgage application process after you’ve worked with a Realtor®, selected a house, and now need financing to move forward. Yet, the process remains one of the most dreaded for potential homebuyers, and part of that Read More

Conforming Conventional Mortgage Rates Continue to Rise

Rates for conforming conventional loans continue to see increases. Percentages started going up close to a month ago, and while still historically low, they don’t look to be going down any time soon. According to an Associated Press report, Freddie Read More