October 21st, 2016 by admin
Posted in conventional loan |
What are Conventional Loans?? Conventional loans are the most popular loans available today. Here at Coastlend Mortgage we offer a variety of Conventional loan programs that can meet the needs of our clients. These are loans that are not insured by any government agency and follow a slightly different set of guidelines than FHA or…
October 21st, 2016 by admin
Posted in Uncategorized |
Purchase or Rent? Why purchase a home when you are perfectly comfortable renting?? Owning is an investment in your future. If you rent the rent is gone every month. When you own a home each payment is paying down the mortgage and building equity in your home. Some look at this as a forced savings…
October 21st, 2016 by admin
Posted in dti |
DTI: Debt-to-Income Ratio DTI is defined as your total monthly debt (made up of housing expenses, mortgages, credit card payments, student loans, vehicle loans, child support, ect.) divided by your gross monthly income.When it comes to applying for a mortgage, most people are aware that your credit score is a very important indicator on not…