Tag Archive for: debt ratios

How Much Down Payment Do You Need For A $300k House?

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Figuring out how much of a down payment you need to buy a $300k house can be overwhelming. This guide will break down your down payment, income needs, and everything in between so you can start your homebuying journey with confidence.Read More

How Much Down Payment Do You Need For A $500k House?

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Figuring out how much of a down payment you need to buy a $500k house can be overwhelming. This guide will break down your down payment, income needs, and everything in between so you can start your homebuying journey with confidence.Read More

17 Ways to Lower Debt Ratios and/or Garner More Funds

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I blogged recently about 8 Ways to Lower Debt Ratios When Rates Are Climbing – and I got numerous additional suggestions from a friend who owns a mortgage bank (Apex […]Read More

8 Ways To Lower Debt Ratios & Qualify for More

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I repeat this topic from time to time b/c “Debt Ratios” weigh so heavily in our pre-approval process and b/c tight debt ratios so often prevent borrowers from buying the property […]Read More

How To Lower Debt Ratios 101

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Learn effective strategies to lower your debt ratios and qualify for a larger loan. From using down payment funds to pay off consumer debt, finding a co-signer, and opting for a 7/1 ARM over a fixed-rate loan, discover practical tips that help boost your borrowing power.Read More

How To Lower Debt Ratios 101

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Experienced Mortgage Analysts (or Loan Officers) have many tools to lower debt ratios to help borrowers qualify for a larger loan. Here are a few that all loan officers should […]Read More

Buying New Home Before Selling Old Home; Considerations

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We frequently have borrowers come to us who want to buy a new home before selling their current home, so they are not left homeless. Here are the considerations and […]Read More

Once Pending, No Need to Count Current Home Payment in DTI

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Once your current home is pending with contingencies removed, many lenders will not count the mortgage payment against your debt-to-income ratio.Read More

Adjusting Take-Home Pay/Paycheck to Account for Higher Payment

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The below article is in our JVM/Opes Newsletter (going out today). It is an important topic, however, and well-worth re-publishing in today’s comments. Renters are often concerned about the potential […]Read More