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

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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