If you didn’t know before, you know now… I am a fan of The Wizard of Oz. For many reasons, but also because I am a fan of knowing that many of those scary things ended up not being so scary. So, what does this have to do with rates, recession, and inflation? Well just […]
There are many factors to consider when considering renting versus buying a home. Chief among these can be your desired mobility. Indeed, suppose you anticipate your residence in a place to be short-term. In that case, renting does afford a greater degree of flexibility. And yet, as the availability of housing continues to grow tighter, […]
Saving for a new home is unlike any other savings experience. You’re not just filling a bank account and hitting a number. Instead, you’re preparing for what is likely the largest purchase of your life. In a competitive housing market where bidding wars are common, you’ll want to have every advantage when saving for a […]
If you’re a first-time home buyer, it can feel like you’re taking a crash course in the real estate industry. From the type of home you want to what you can afford to the myriad options for financing, it can be overwhelming. As mortgage professionals, we’ve seen it all from our side of the lending […]
When you apply for a mortgage, lenders execute financial calculations to determine whether or not you qualify for a loan. Therefore, you should become familiar with the debt-to-income ratio (DTI) before buying your home. This formula will help you understand what lenders are looking for when approving loans and how to ensure your financial health […]