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 ...

4 Essentials to Smart Mortgage Decisions

Homeownership is a dream for many Americans, but most don’t know where to start or are crippled by fears that they’re not prepared. Getting the right mortgage for you is a big part of the homebuying p...

What is a VA Jumbo Loan?

VA Jumbo Loan Limits Most lenders consider a loan to be a jumbo mortgage if the amount is above local conforming loan limits. Although VA loans don’t technically have limits on their amount, lenders e...

Smart Series: What You Need to Know About Our Non-Qualified Mortgages

What is a Non-Qualified Mortgage (Non-QM Mortgage)? Simply put, non-qualified mortgages = non-traditional borrower options. Non-qualified mortgages (non-QMs) are ideal financing solutions for borrower...

How to Get a Mortgage When You’re Self-Employed: Newrez SmartSelf

What is a Non-Qualified Mortgage (Non-QM)? Non-qualified mortgages (Non-QMs) are ideal financing solutions for borrowers who may not meet the qualifying criteria for traditional mortgages (or qualifie...

Freddie Mac BorrowSmart® Program: What to Know

So, What is BorrowSmart? This program is designed for low- to moderate-income borrowers and offers up to $1,500 in down payment and/or closing cost assistance, based on eligibility criteria. The best ...

7 Essentials for Good Personal Finance

Actually applying for a mortgage isn’t a lengthy process in and of itself, but it does take some legwork on the front end to make sure you’re prepared and well-positioned to get the best rate possible...

As A Freelancer, How Do I Buy a House? What Can I Afford?

Freelancers are more and more essential members of the economy, recognized more and more. As you research home loans catering to freelancers and gig workers, you’ll hear the term “non-QM,” meaning non...

VA Refinance and VA Cash-Out Refinance: A Guide

VA loans are home loans designed with freedom in mind. As a military homebuyer, you have mortgage options with special benefits that you can leverage to achieve your homeownership dreams and financial...