When you apply for a mortgage, your lender will examine your overall financial health. They will obtain a credit report, ask for proof of income, and calculate your debt-to-income (DTI) ratio. Qualifying for a mortgage loan requires a healthy DTI ratio. Use these helpful suggestions to improve your financial health and reduce your debt-to-income (DTI) … Read more
The amount you’re financing, your credit score, the loan-to-value ratio, the amount of your down payment, and other factors will all affect the 72-month auto loan rates you find. Enter ZIP Code If you choose to take out a 72-month auto loan instead of a 60-month loan, you can save money each month and have … Read more
So you’re dreaming of owning your own home, and the FHA loan program has caught your eye. But amidst all the acronyms and eligibility criteria, one question lingers: Do I need to have cash reserves for an FHA loan? Fear not homeownership hopeful, for we’re here to navigate the intricacies of FHA loan requirements and … Read more
Welcome to Ascot Mortgages. We know your journey to securing a mortgage can be filled with numerous questions. With the expertise of Ascot Mortgages by your side, you’re sure to have a smooth experience. Let’s delve deep into understanding the repayments on a £100k mortgage. Acquiring a home represents a noteworthy achievement in one’s life, … Read more
Your annual total tax liability is calculated using your adjusted gross income (AGI) as a base. However, it also functions as a major component in determining your federal student loan payment amount under an income-driven repayment (IDR) plan. There are numerous ways to successfully lower your AGI, which will therefore lower your income tax liability … Read more
Feeling the squeeze of your monthly mortgage payment? You’re not alone. Many homeowners are looking for ways to reduce their housing costs without the hassle of refinancing. The good news is, several strategies can help you achieve this goal. In this guide we’ll explore various methods to lower your mortgage payment without refinancing including: Recasting … Read more
Your current account may be deducted by banks and building societies to cover overdue payments on other accounts you may have with them. This is called the right of set off. The answer to this question is not as straightforward as a simple yes or no. While banks cannot legally seize your money without your … Read more
If you’re a homeowner, the idea of selling your home is both exciting and scary. You know how much time and energy went into buying your first home. You’ve likely lived in it for years and grown attached to it. But as you know a house is more than that. It’s a financial asset. So … Read more
Are you feeling the pinch of high housing costs? You’re not alone. Many homeowners find themselves house poor, meaning they’re spending a significant portion of their income on housing expenses, leaving little room for other necessities and financial goals. This guide will delve into the world of house poor, exploring its causes, consequences, and most … Read more
In a Nutshell: Higher credit scores can lead to better credit opportunities, such as approval for credit cards or favorable terms on loans. But knowing exactly what it means to have good credit is a challenge. More than 100 million members use Credit Karma to help them understand and work on their credit scores. Here’s … Read more