Blog Category - Advice

Explaining the VA's Standard for Debt-to-Income Ratio

When applying for a VA home loan, borrowers hear a lot about something called debt-to-income ratio. It’s an important tool that plays a key role in determining if you meet in VA loan qualifications. In essence, debt-to-income ratio, or DTI ratio, compares a borrower’s monthly debt payments to his or her gross monthly income....Read More

How to Buy a Home With Little or No Money Down

Homeownership in the United States has fallen to a generational low, and a big reason for this is a lack of first-time homebuyers. In a recent survey by Trulia, 54% of renters cited "saving enough for a down payment" as their biggest obstacle to homeownership, more than credit requirements and other debt obligations. However, the idea that a big down payment is a requirement is a myth. Here are some options you should explore if you want to buy a home, but don't have a ton of cash....Read More

The Larger Role of the Mortgage Lender

A responsible lender won’t treat the mortgage purchase as a simple money-in-exchange-for-goods-or-services transaction, but rather play an active role in the entire mortgage planning process. That means serving as an advocate who helps you understand the impact of the mortgage on your overall finances, evaluate the various options, and decide what course of action is best for you....Read More

Don't Get Outbid On That Home!

So you've finally found the perfect house, but you're not the only one! When other potential buyers are bidding for the same home, you'll want every advantage you can get. Here are some tips to help you make sure the house you close on is the same one you've got your heart set on:...Read More

Understanding Your Home Appraisal

The appraisal is an important part of determining the loan amount. Mortgage guidelines require the lender to base the loan amount on whichever is less — the purchase price or the appraised value. There are no true objective standards when it comes to determining what a home’s appraised value should be....Read More

Credit Scores Explained

Your credit score has a big impact on your personal finances, with a good score translating into a better rate on everything from home mortgages to auto loans to credit cards. So how do credit scores work? Your credit score can range from 350 to 850. The higher, the better. The five factors that determine that score, and the percent to which they count towards your score, are as follows....Read More

Buying a Home: From Start To Finish

Purchasing a home is one of the most important decisions you’ll ever make, and there are many steps to the process. But you don’t have to feel overwhelmed. Remember that my team and I are here to assist you through the process....Read More

Here's The Score on Credit Scores

The bad news? A low credit score can cost you thousands of dollars in extra interest rates over the life of a home purchase loan, or sink your chances of getting a loan at all. The good news? A few simple techniques can raise that score and get you on the path to home ownership....Read More