July 5, 2022 1:13 am
Published by Carmen Roman
Buying a house after a divorce is a big step toward a new beginning. However, divorce has a direct impact on every aspect of your life, and you’ll need to make sure you’re ready before committing yourself to a new mortgage. Before you start mortgage shopping, here’s what you can expect to face if you’re... View Article
July 1, 2022 1:10 am
Published by Carmen Roman
Buying a house with student loans can be a challenge, but it doesn’t mean it’s impossible. Having student loan debt increases your debt-to-income (DTI) ratio and can hurt your credit score, which lenders classify as being at a greater risk of loan default. However, there are steps you can take to improve your financial health... View Article
June 23, 2022 2:21 pm
Published by Carmen Roman
Although we have seen many examples of positive legislation and improved social action in the fight for equality for LGBTQ+ people over the past years, there are still some social and legal hoops that they have to jump through. These hoops include mortgage laws, which can make getting a loan and buying a home more... View Article
June 17, 2022 10:10 am
Published by Carmen Roman
Hello! My name is Carmen. I'm the Social Media Manager at Total Mortgage and usually the person putting together the employee spotlights! I'm a New Haven, CT native and received my Bachelor's degree in Business Administration with a concentration in Marketing.
June 6, 2022 8:44 am
Published by Carmen Roman
Your debt-to-income ratio, or DTI, signals your ability to repay a loan to your lender. A higher DTI means you carry too much debt compared to your monthly income, which could pose a greater risk to your lender. By calculating your debt-to-income ratio, you can take the necessary steps to lower your DTI and get... View Article
June 1, 2022 8:38 am
Published by Carmen Roman
What you pay to borrow money goes beyond your interest rate. By knowing what APR on a mortgage means, you can get a better understanding of the total cost of your mortgage. Knowing the APR is also a great way to compare lenders. It includes all costs associated with your mortgage spread out over the... View Article
May 30, 2022 8:35 am
Published by Carmen Roman
Mortgage amortization can be defined as the process of paying down your home loan to $0. But knowing your amortization schedule can also help when it comes to home equity and coming up with a strategy to pay off your mortgage early. Here’s what you should know about mortgage amortization, how it works, and how... View Article
May 27, 2022 12:39 pm
Published by Carmen Roman
Cristin Fitzpatrick graduated from The University of Connecticut with a B.A. in Psychology has studied Organization Development at a Masters Level at American University and is a Certified Professional Coaching graduate from one of the country’s leading coaching schools. She has over 10 years of experience in the real estate and mortgage industry and works... View Article