Debt to Income (DTI) is a measure of income and ratio that tells lenders how and what loan product you qualify for. Both FHA and Conventional mortgages have their own DTI requirements; and both use a front-end and back-end calculator for loans. The front end ratio is your projected mortgage payment to your gross monthly…

For most, this is pretty self-explanatory from the image, but if you’re not in any of these situations, remember that you can also refinance at any time for a very positive reason. You might prefer to have a second mortgage on your home to fund tuition rather than you or a child paying ridiculous student…

This might seem obvious, but it isn’t actually. How many people do you know who rushed into buying a home in 2020 or 2021 because the rates were so low and now they’re wishing they had a different home, but they “can’t” move because they are not about to let go of their 2-3% interest…

Service-based employees are notorious for not fully documenting their income in order to avoid taxes every month and filing year. The problem is, as lenders, we need the documentation from your employer to verify your income with your tax returns and bank statements so everything supports each other and proves your ability to repay—the singular…

If you have seasonal income, most of your income comes from tips or commissions, or you have other income sources that might be inconsistent or part time, there are some things to consider when applying for a loan. Some buyers make the majority of their income in tips like waiters, bartenders, other service industry professionals,…