I never realized that "realtor" could mean different things. And also, (at least here in Massachusetts) the term doesn't seem to be used all that much. Here's a break down: Realtor can mean: Selling agent: the seller's realtor. Also called listing agent. In the home buying process you will be in contact (indirectly) with this person… Continue reading “Realtor”
So! Now that you've decided that you want to start looking at houses, you are going to want to get preapproved for a mortgage. Wait, you said "prequalified" in the title? What is that? Don't worry, we'll get to it. As I've said before, prequalification and preapproval should t be your first or second step in… Continue reading get prequalified, and then some!
closed on my house today! to give you an idea of how exhausted i am... made the offer on December 27. offer accepted December 28. closed March 23. almost 90 days later. feels worth it though. but the work is not over... it's a rehab loan and construction will be the next project! if you're… Continue reading fast forward update
and for my most fun post yet! how to calculate DTI and use it to see how much of a monthly mortgage you can afford!! just so you know, different types of loans will give you different maximum DTI that they allow. for this post we will be using 43%, which is common, but again it… Continue reading DTI DIY yay!!!
back in May of 2015, i left my job at a beauty retail store. about a month later i started working for a cosmetics company directly. i was making more money (something i found i needed to do to be able to afford a house). i gave myself a year from the start of my… Continue reading Laughed off of the phone: a personal story
okay. so we've already gone over credit score and how mortgage companies use it to be able to approve you for a loan. while i was busy being rejected because of my credit score, I learned about another important factor that caused my rejections: DTI: debt to income ratio. this is just how it sounds:… Continue reading DTI: why you need to know your debt to income ratio before you get pre approved for a loan
in less than two years, i increased my credit score about 200 points. it seemed so daunting at first. where would i even start? it just so happened that when i was inquiring about home loans, i got different pieces of advice from each lender i spoke to. i made myself a checklist and i… Continue reading how i improved my credit score