Latest Articles

Debt-to-Income Ratio (DTI)

We all know that our credit history plays a major role in determining eligibility for a loan but there is another factor that can have as great and often greater influence on your mortgage application’s approval: debt-to-income ratio (DTI). In fact, 35% of mortgage applications that were denied in 2021 were due to high DTI […]

Rate Locks

Rates. They are a popular topic. We hear rate questions all the time. What is the current rate? Will rates go up? How do I get the best rate? Let’s take a moment to address a component of rates that is less frequently mentioned: rate locks.    What Is A Rate Lock?  A rate lock […]

Why was my mortgage servicing sold?

You have jumped through the hoops of pre-approval, underwriting, and closing on your home. You did it! Shortly after you settle into your dream home, you get a letter in the mail stating that your mortgage servicing is being transferred (sold to another company). What does it mean? Did you do something wrong? Is this […]

What is Underwriting?

You’ve been pre-approved for a mortgage. You found your perfect home and your offer was accepted. You’re under contract. Congratulations! You are now in the underwriting stage. What is underwriting? Underwriting is when the lender reviews your information and verifies key aspects such as assets, income, debt, and the details of the property in order […]

Can I Deduct Mortgage Costs?

If you’re reading this, it is probably tax season (again) and you’re looking for ways to keep the money you’ve worked so hard to earn. The good news is that many mortgage-related items can be tax-deductible. We’ll breakdown when property tax is deductible and what closing costs you can deduct as well. When Is Mortgage […]

What is an Adjustable Rate Mortgage?

An adjustable rate mortgage (ARM) is a mortgage that’s interest rate does not remain the same throughout the life of the loan. What is the Difference between an ARM and a Fixed-Rate? Simply put, a fixed rate mortgage will have the same interest rate for the full term of the loan while an ARM’s rate […]

How to Get a Mortgage When Self-Employed

Getting A Mortgage During the Great Resignation Headlines are all talking about the Great Resignation. While workers are definitely leaving their jobs in record numbers, they aren’t all simply hanging up their hats. Instead, Americans are shifting to new opportunities, many of them reclassifying themselves as self-employed. A study by MBO Partners found that even […]