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What is DTI? DTI stands for Debt-to-Income Ratio, a crucial financial metric used by lenders and individuals to assess one’s ability to manage debt responsibly. It represents the percentage of a person’s gross monthly income that goes toward paying debts.…
Welcome to our comprehensive guide on calculating how much mortgage you can afford. Buying a home is a significant financial decision, and it’s crucial to determine a comfortable and sustainable mortgage amount. By following the steps outlined below, you can…
If you’re getting ready to start your housing search, there are a few documents that can be helpful to have on hand. These can make the offer process much faster and smoother, especially if you plan to take out a…
In the market to purchase a home? You may be wondering how much you need to save for a down payment. Typically, 20% of the purchase price is needed for a down payment. But there are some mortgage options with…
For those in the market for a new home or looking to sell their current home, there are a lot of real estate terms to learn. Whether you’ve gone through the process before or are doing it for the first…
Mortgage interest rates are a key factor in the housing market, affecting both buyers and sellers. For many years, interest rates on mortgages have been an important indicator of the overall state of the economy. In this article, we will…
Thinking about selling your home? While each local area can vary (and a great real estate agent can help you learn about the specific trends in your community), there are a few times each year when home sales tend to…
It might seem like it will be costly to purchase a home, and you might think that you will have a considerable down payment. Oftentimes, because people think that they cannot afford their down payment, they’re forced to keep renting.…
Home Equity Loan vs Mortgage: What’s the Difference? When it comes to financing a home, there are a lot of options out there. One popular choice is between taking out a home equity loan or a mortgage. It’s…
If you’re getting ready to start house shopping, you’ve probably taken a good look at your budget and wondered how much house you can afford. Maybe you’re asking yourself if you can afford a mortgage at all! There are a…
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