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…
August 4th, 2014 by admin
Posted in Charleston Realtors, choosing a realtor, Cost vs Price, dti, first time buyer, Interest Rates, lender paid mortgage insurance, low down payment, Lowest Interest Rate, lowest mortgage rates, Lowest payment, LPMI, MI, No closing costs, NO MI, NO PMI, Private Mortgage Insurance, Real Estate, Uncategorized, VA loans |
Tags: bank loan, best rates, charleston loans, charleston mortgage broker, do i have to pay pmi, loan officer, low payments, low rates, south carolina mortgage broker
Great News For Home Buyers The bond markets recovered all of the losses that occurred late last week. What does this mean for home buyers? Low interest rates. With the recovery the average interest rate on a 30 year fixed loan dropped back down near 4.25% How much would the payment be on a $300,000…
April 30th, 2014 by admin
Posted in 1 million homes, Cost vs Price, dti, high priced homes, highdti, Interest Rates, Jumbo, jumbo loans, Mortgage Interest Rate Deduction, Private Mortgage Insurance, Real Estate, Uncategorized, VA loans |
Tags: best rates, debt to income, dti, high dti, high priced homes, interest only, interest only mortgage, jumbo, jumbo homes, jumbo loan, jumbo loans, jumbo rates, loan, lowest rates, mansions, mortgage
Qualify More Buyers for High Priced Homes: Jumbo loans are back and we can go as high as 49% on buyer’s debt to income ratios. That’s almost 10% above traditional banks. What does this mean for your clients? You should be able to qualify more because the income requirements just got relaxed. if you had…