home buying snacks

DTI: why you need to know your debt to income ratio before you get pre approved for a loan

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

home buying snacks

how i improved my credit score

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

home buying snacks

credit score: a beginners guide in regards to home buying

okay okay, I'm sure you know some stuff about credit scores. but maybe just in case... it is a number that ranges from a low of 300 and a high of 850. a score of 700 or above is generally considered "good." to buy a house different lenders have different levels of how low they'll… Continue reading credit score: a beginners guide in regards to home buying

home buying snacks

a word about credit cards and the beginning of the end of my home buying

I had a long love affair with credit cards. For this tale, we have to go all the way back to 2009. I was a junior in college and had heard that to buy a house (which I knew I wanted to do sometime in the future) you need "credit." I knew that I had… Continue reading a word about credit cards and the beginning of the end of my home buying