Bella Mertz Do you know your debt-to-income ratio? Learn more about your DTI ratio, from how it works to how you can use it to your advantage in your next purchase. Between credit scores, interest rate percentages, and auto loan term lengths, buying a car incorporates several types of numerical amounts. The term “debt-to-income ratio” represents another … Read more
Whether youre a first-time homebuyer, moving to a new home, or want to refinance your existing conventional or FHA mortgage, the FHA loan program will let you purchase a home with a low down payment and flexible guidelines.580 Credit Score- and only -3.5% Down RELATED ARTICLES FHA loan limits were established to define how much … Read more
Mortgage closing costs range from 2-5% of a home’s purchase price. That can add up. But, many sellers are eager to pay your closing costs in order to sell their home faster. There is a limit to how much a seller can pay for, though. Each loan type — conventional, FHA, VA, and USDA — … Read more
If you’re looking to buy a home in a rural area of Texas, a USDA loan can be a great option thanks to low rates, flexible credit requirements, and no down payment. But these loans do come with specific eligibility rules. In this comprehensive guide, we’ll cover all the key Texas USDA loan requirements related … Read more
Closing costs can be one of the biggest obstacles for homebuyers, especially first-time buyers without a lot of cash to spare When you take out a mortgage to buy a house, you have to pay fees and charges associated with obtaining the loan and transferring ownership of the property. These closing costs typically range from … Read more
Chicago has long been a hotbed for real estate investing, particularly when it comes to fix and flips. The market dynamics, affordability, and huge renter population create an ideal environment for investors looking to purchase, renovate, and quickly resell or rent out properties in the Windy City. But successful fix and flip projects require access … Read more
VA residual income is the discretionary income leftover each month after paying all major expenses, including the mortgage payment. Residual income requirements vary by location, loan amount and family size. The heart of this requirement is discretionary income. Residual income looks at how much money you have leftover each month after paying all expected expenses, … Read more
Buying a piece of land to build a home or start a business on is an exciting prospect. However, land can be expensive and financing the purchase requires specialized loans. If you’re considering buying land, learning about loans to buy land is essential. This complete guide will cover everything you need to know about the … Read more
Purchasing land and building a new home can be an exciting yet complicated process. That’s why the USDA offers special one-time close loans to help make things easier for potential rural homeowners. In this comprehensive guide, we’ll explore everything you need to know about USDA one-time close loans, from eligibility requirements to application tips. What … Read more
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