Thinking about purchasing a home but not sure which mortgage to apply for? Once you’ve eliminated the less desirable choices, choosing between a 15-year and 30-year mortgage is often all that’s left. Okay, but which one is preferable? If this is your first...
There are many factors to consider when considering renting versus buying a home. Chief among these can be your desired mobility. Indeed, suppose you anticipate your residence in a place to be short-term. In that case, renting does afford a greater degree of...
Saving for a new home is unlike any other savings experience. You’re not just filling a bank account and hitting a number. Instead, you’re preparing for what is likely the largest purchase of your life. In a competitive housing market where bidding wars...
If you’re a first-time home buyer, it can feel like you’re taking a crash course in the real estate industry. From the type of home you want to what you can afford to the myriad options for financing, it can be overwhelming. As mortgage professionals,...
When you apply for a mortgage, lenders execute financial calculations to determine whether or not you qualify for a loan. Therefore, you should become familiar with the debt-to-income ratio (DTI) before buying your home. This formula will help you understand what...
