Blog : Mortgage Basics

Empowerment through Education
Nov 27, 2019
So you’re about to Refinance your home- nice! There are many things to consider before moving forward. Most Borrowers tend to lose sleep over their credit scores, job history, amount of income, etc.. However, one of the most overlooked variables in determining mortgage eligibility is the Borrower’s DTI (Debt-to-Income ratio). As a matter-of-fact, DTI’s are the #1 reason Mortgage applications ge...
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Nov 26, 2019
Perhaps you’ve heard the term “Lock In” regarding Mortgage Interest Rates. It sounds like a big, and perhaps scary, commitment- no? No worries! (And no need to get cold feet.) We’ll explain why Locking In that Mortgage Interest Rate isn’t as big of a step as one may think.   What happens when you lock it in? Locking In the Mortgage Interest Rate is one of the earlier steps taken when securing a...
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Nov 21, 2019
Thinking of Refinancing? Before a Mortgage Lender will issue you a Mortgage Loan, they need to get an idea of what you can afford. One of the most telling ways for a Lender to get a glimpse of your affordability is by going over the last year or two (depending on the employment or loan type) of Tax Returns as well as other requested Financial Documents (These may include bank statements, pay st...
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Nov 12, 2019
Thinking of a ReFi and wondering how Mortgage Rates work? Well, there are seven variables that work towards determining Mortgage Rates. Let’s hone-in to learn more about sculpting Mortgage Rates.   Current Market Trends: How the market is doing can determine the baseline for Mortgage Rates. Rates can fluctuate from day-to-day depending on changes in the Market- causing a lack of control over ...
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Nov 11, 2019
You’re about to embark on taking out a Home Mortgage Loan; But, first things first, let’s be prepared! One of the best ways to prepare yourself is to have your Documents in-hand. But what Documents will you need?    Proof of Income Income verification (which showcases your income history, your stream of income, and how much you make) is a necessity in obtaining a Mortgage. The following Doc...
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Whether you own a home, starting the home-buying process, or getting your feet wet with knowledge – We'll keep you up-to-date with relevant posts packed with tips and advice. Our home loan experts bring you engaging and useful posts each week.