Buying your first home can be a daunting task. It’s a big financial decision, and there are lots of small decisions to make. There are also lots of resources available to help first time home buyers along the way. You’ll need to do your homework, though, as there are plenty of programs out there to suit your needs. Read More
The debt-to-income ratio is a very important factor to consider when you apply for a mortgage. Lenders want to be sure that you have the capacity to pay off a loan before they agree to offer you a loan. A higher DTI can increase your risk of defaulting, which is a risk lenders do not want to take. By paying off any existing debts, you can reduce your DTI. Read More
Buying your first home is a big deal, and the process can be overwhelming. The good news is that there are many resources available for first time buyers. Some are designed to make the process a little easier, while others are specifically aimed at buyers in particular areas. For instance, down payment assistance programs can help you buy your dream house without breaking the bank. Read More
Mortgage rates are a large element in the home buying process. They affect the size of your monthly mortgage payment, as well as the amount of interest you’ll pay. A low rate can mean lower payments, while a high rate can cost you a lot of money over the life of your loan. Read More
When it comes to buying a home, it’s best to get pre-approved. Pre-approval gives you a leg up on other buyers by showing that you are serious about buying a home. This will help you secure a better deal on a home and it will also help you secure financing for your home. A pre-approval letter will give you the knowledge you need to get the home of your dreams. Read More
