When people came to me interested in a home loan, many just wanted to know how much home they could qualify for. Some had an idea where they wanted to live and needed to know whether they could get into…
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. If you want to read about the primary four loan types, read…