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Found 8 results for 'DTI'.

Buying a Home With Student Loan Debt in 2021

How do student loans impact your finances? Your credit score is one of several factors that lenders look at when evaluating your financial profile for a mortgage. It is determined by how much debt you...

Buying a House is Scary, But It Doesn't Have to Be

How to Handle the Anxiety of Buying a House   Remaining mindful includes expecting a few bumps in the road as well as having to interact with different personalities. This includes real estate agents,...

DTI: More Important Than Your Credit Score?

By definition, your debt-to-income ratio is a calculation of your total gross monthly debts or payments divided by your total gross monthly income. DTI is calculated both prior to a mortgage and with ...

How Much Money Do You Really Need to Save to Buy a House?

Ongoing expenses Costs that persist over time once you become a homeowner Property taxes Property taxes vary by state and county and are usually included in your monthly mortgage payment. Property tax...

Buying a House: Learn About What Goes Into Mortgage Payments

Here’s How to Calculate Your Mortgage Payment While there are many costs associated with owning a home, let’s start with what exactly makes up a large portion of the cost – your mortgage payment. A...

The 13 Most Expensive Cities in the US

1. Honolulu, HI A steady South Pacific breeze, beautiful beaches, and cascading mountains make Honolulu a dream location for many. You also get to celebrate for three days each year at the Honolulu Fe...

Tips on Home Buying with Student Loan Debt

Calculate Your Debt-to-Income Ratio   Your debt-to-income ratio (DTI) is simply one of the ways a lender gets an understanding of your financial situation and how comfortable you are taking on a mor...

Mortgage Loan Types, Credit Score, and more: 5 Tips to Get the Best Mortgage Rate

Consider a Fixed-Rate Mortgage Fixed-rate mortgages are the most common loan option among borrowers. The rate stays the same throughout the life of the loan, meaning the monthly mortgage payment does...