Three Things To Unlock Your First Home Did you know that it could be cheaper to buy than to rent your home? That’s right! Even if you have never owned real estate before, there are officially sanctioned hacks that are designed to support home ownership in the United Sates, even after all of the highly […]
Tag Archive | "debt to income ratio"
The Right Numbers To Make The Homeownership Team The process of purchasing your own home can seem like a major sporting event at times. If you have ever tracked baseball or football statistics then you have a little experience of what it is like to go through the application process and get pre-qualified and finally […]
There are many things you should not do before purchasing a home, or you may compromise your chances of getting a mortgage at best, or even be refused a mortgage at worst. Take the tips below seriously, because many people have ignored them and were sorry they did. You have found your dream home, so […]
Fundamentally, your debt to income ratio (DTI) is the percentage of your income that is used to pay your debts, and is often abbreviated to the ‘debt ratio.’ Your ‘income‘ is your total gross income from all sources before tax, and the ‘debts‘ cover everything that you are currently repaying. For example, let’s say you […]