Your Debt-to-Income Ratio (DTI)

This ratio can make or break your loan approval, as it is one of the largest qualification criteria used for home loan applicants. When you apply for a mortgage, one of the first things the lender will do is check your debt-to-income ratio, or DTI.

Mortgage Insurance - What Does it Cost?

There are two basic types of coverage. The first type is private mortgage insurance (PMI) policies, which are applied to conventional home loans. The federal government does not insure Conventional or “regular” loans. The second type is for those borrowers who use government-insured FHA loans.

The Affects of Credit Card Debt on Mortgage Approval

As a home buyer, you should be concerned with the amount of credit card debt you have as it can directly affect your ability to get a home loan.