Author Archives for Carmen Roman

What Is Debt-to-Income Ratio and How Is It Calculated?

January 27, 2023 8:44 am Published by Comments Off on What Is Debt-to-Income Ratio and How Is It Calculated?

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. 


How to Remove FHA Mortgage Insurance

January 16, 2023 9:51 am Published by Comments Off on How to Remove FHA Mortgage Insurance

While a home’s listed value is just part of its total cost, interest rates and other costs like FHA mortgage insurance can rapidly add to your monthly payments. If you have a mortgage insured by the Federal Housing Administration (FHA), you may be wondering how to remove FHA mortgage insurance. An FHA mortgage is a... View Article


What Is House Hacking?

September 5, 2022 10:39 am Published by Leave your thoughts

One of the biggest benefits of homeownership is the ability to build wealth over time. However, you only stand to make a profit after you sell. Using a strategy called house hacking, you can potentially generate passive income from your property to put toward your mortgage, household expenses, or even other investment opportunities. House Hacking... View Article


Reverse Mortgage Requirements: What You Need to Know

August 1, 2022 11:01 am Published by Leave your thoughts

There are several ways for homeowners to leverage the equity in their home, but a reverse mortgage is a unique financial tool solely for senior homeowners.  A reverse mortgage allows borrowers to withdraw a portion of their equity without having to repay until they leave the home. However, reverse mortgage requirements must be met before... View Article