Jan 11, 2022
The amount of what you qualify for can vary depending on the type of loan that you are getting. A conventional loan generally allows up to about 43% DTI (Debt to Income). In other words, your total monthly debt (including your new house payment) can on...
Read More
Jan 11, 2022
This is a question I get a lot! The simple answer is NO. Most people can qualify for a mortgage without having Great credit. What does that mean to the loan? Getting someone qualified with lower credit may or may not be a little trickier but what it ...
Read More
Jan 11, 2022
PMI or Private Mortgage Insurance is something charged by the lender when you put down less that 20% on a home purchase. With a conventional loan, once you reach 78% loan to value you can aply for the removal of PMI. On an FHA loan, typicaly PMI will re...
Read More
Jan 11, 2022
You do Not need to put down 20% to buy a house. You can put down as little as 3% (depending on what you qualify for). Let take a look at the different programs:-Conventional First Time Home Buyer - There are a couple possibilities for first time home bu...
Read More
