Debt-to-income ratio, taxes, and insurance: How your DTI is calculated
January 12, 2021
DTI, your ‘debt-to-income ratio,’ includes taxes and insurance as part of your mortgage payment. Here’s how to find your DTI with taxes and insurance.
January 12, 2021
DTI, your ‘debt-to-income ratio,’ includes taxes and insurance as part of your mortgage payment. Here’s how to find your DTI with taxes and insurance.
December 27, 2019
Learn how to calculate your Debt-to-Income (DTI). See which mortgage programs and mortgage rates may be available to you.
July 24, 2017
The FHA changed how it treats overtime income, part-time income, and gift funds; and, also how it treats student debt and loans for cars. This is big news for buyers of homes.
February 5, 2017
A debt-to-income ratio is not just a number for lenders to use. Buyers can calculate it themselves and use it to estimate their comfortable home payment.
January 15, 2021
The debt consolidation mortgage is one way to lower the payments and interest rate on your debts. But it’s not the best solution for everyone.
December 22, 2020
Bonuses and RSU income can be used for mortgage qualifying. But they’re calculated differently, and not all lenders accept them. Here’s what to know.
November 24, 2020
Find out how much income is needed to afford a $1 million house. The answer will vary based on your credit, down payment, and debts.
July 3, 2020
You can buy a house with low income if you meet the guidelines for one or more of these mortgage programs. Here’s how to do it.
January 2, 2020
Defining “residual income” for VA borrowers, and listing requirements by state and by size of your family. Analysis, plus live VA rate quotes which are typically 25 basis points (0.25%) or more below comparable conventional rates.
December 11, 2019
It’s tough to buy a house with low income or poor credit. A co-borrower can help. Learn when to consider buying with a co-borrower and what to expect.
June 12, 2019
Today’s rates make a refinance a good decision if your income has been reduced or you’ve encountered another financial challenge. These programs can help.
May 8, 2019
The Department of Veterans Affairs (VA) has a unique way of looking at income. Instead of the total number, it’s most interested in “residual income,” the cash you have left over after all major expenses.
May 1, 2019
FHA is one of the most popular home buying programs in existence. What does it take to qualify? Do you make too much to be eligible for FHA?
April 5, 2019
The Freddie Mac HomeOne program removes income and geographic restrictions from its 3% down loan. Buyers can qualify for a low down payment even without low-income status.
February 2, 2019
Buying a home on a single income can be a challenge, especially in more expensive markets. Today’s experts tell you what you need to know.