What is the Risk? When a lender looks at a loan application, their main question is "what risk do I take on by issuing this loan?" Credit checks, bank statements, employment verification – all the documentation required when getting approved for a loan is in service of assessing what the odds are ... Continue Reading » about Private Mortgage Insurance (PMI) Explained
home buying
The Financial Benefits of Homeownership
A Fannie Mae survey recently revealed some of the most highly-rated benefits of homeownership, which continue to be key drivers in today’s power-packed housing market. Here are the top four financial benefits of owning a home according to consumer respondents: 88% - a better chance ... Continue Reading » about The Financial Benefits of Homeownership
Debt-to-Income Ratios: Why are they Important to Me?
When you’re ready to buy a house, a lot of jargon is thrown around. One term you’ll hear a lot is debt-to-income ratios. If you’re not a math wizard, such lingo can sound intimidating, but it doesn’t need to. Debt-to-income ratios are simple to figure and use to your advantage, even giving you the ... Continue Reading » about Debt-to-Income Ratios: Why are they Important to Me?
