As I discussed at The Very Basics of a Home Loan, Debt-to-Income (DTI) is one of three important criteria in qualifying for a home loan. Credit Score and the amount you are using as a downpayment are the other critical…
Refinancing the right way is not always as straightforward as it sounds. Over the years I have witnessed so many friends refinance for all the wrong reasons. There are certainly times when a home refinance makes financial sense but just…
There will be other posts here that go into greater detail behind home loans and the qualification process, but this one is meant to cover the VERY basics. Often, when people came to me to buy their first home, they…
Much of this site is about helping you save money and build long-term wealth. Along those lines, let’s talk about one of the most underrated tools for doing just that: the 15-year mortgage. When people think about buying a home,…
One of the biggest financial decisions most people make is where they will live. Should you rent, or should you buy a home? Both renting and buying have advantages and disadvantages that will impact your life, lifestyle, and financial future.…
