Your DTI ratio compares your monthly debts from bills against your gross monthly income to see how your money is balanced. Your debt-to-income ratio (DTI) is very important when applying for a mortgage, but the numbers are not set in stone. For the best overview of your debt-to-income ratio and your mortgage application, speak with a lending professional today! What is a Debt-to-Income...
October 2021
Buyers often don’t realize that the final walk-through before closing is a vitally important part of the homebuying process. They should be reminded that this final walk-through can determine if and when they will close on their new home. The ideal time to do the final walk-through is right before heading over to the closing. If there is a large measure of time before that, the status of the house...
If you follow the financial news, you know that the Fed recently had one of their scheduled meetings to discuss and comment on policy. First, who is the Fed? The Federal Reserve Board (the Fed) is the central banking system of the U.S. The Fed supports the U.S. economy with monetary policy. The Fed indicated it could start raising rates in 2022. These are charges for overnight loans from bank to...