Mortgage Poised to Rise in 2016 Preliminary indications show that mortgage credit may be easier to obtain in 2016 than it was during 2015, which should help bolster home sales. Although the Great Recession officially ended in 2009, mortgage lending had been slow to recover. This was due to a variety of factors including supply, which was impacted by tighter regulations on lending imposed by... Read more

The home evaluation checklist The checklist to use when checking out a property After seeing a few homes, it is very easy to get the features of the house confused. The home evaluation checklist is easy to fill out and will help immediately separate the “good” homes from the “not right for us” houses. The home evaluation checklist will establish grading the exterior condition of... Read more

Home Buyers Bring the Money The buyer, seller, lender and the whole economy are all tied together in the real estate world. Financial issues that impact a home buyer’s ability to buy a property are both personal and macro-economic. The home buyer has a maximum price they can pay to purchase a home. This maximum price depends on a few personal financial issues. The amount of cash assets... Read more

Mortgage Application Checklist The mortgage application requires a good deal of information.  The information as well as the documents proving the data can feel very personal. The lender is required by some laws to ask for some data. Other data is the lender’s policies and lending guidelines.   Information Full legal name, Social Security number, Date of Birth phone number, email... Read more

Debt to Income Ratio   The debt to income ratio (DTI) is a very important factor for qualifying for a mortgage. What is a Debt to Income Ratio? The Debt to Income Ratio compares the applicant’s total fixed monthly expenses like monthly housing expense and other monthly debt obligations to their gross income. Some examples of monthly housing expenses are monthly housing costs or... Read more