How to Save For a Down Payment
Saving thousands of dollars for a down payment on a house is one of the most daunting steps in the homeownership journey. It can even feel impossible. Yet, if you can manage to do it, you’ll be in a much stronger and more competitive position than buyers who must rely on down payment assistance programs […]
The Importance of a Good Credit Score
Household debt is at an all-time high, so it’s no surprise that many inquiries about mortgage loans revolve around the minimum credit score one requires to take advantage of any given program. Yet the importance of having a good credit score while shopping for a house stretches beyond whether you can get approved for the […]
How to Calculate Your Debt-to-Income Ratio
You can have stellar credit and a great income, but if your debt-to-income ratio (DTI) is too high, it may still be challenging to obtain a mortgage. Your DTI, also known as your credit utilization ratio, helps your lender determine whether you are likely to become overextended after taking on the new loan. Even if […]
