Buying a house is an excellent investment. You might plan to live in a starter home for a few years to build equity, and then move into another place using proceeds from the sale as your down payment. However, life doesn’t always go according to plan. And since there’s no way to predict the housing... View Article
Author Archives for Eric Khan
About Eric Khan
Eric Khan is a Senior Mortgage Banker licensed in 23 states. Eric has been in the mortgage industry for over 10 years, and can be contacted by phone at 203-783-4593 or by email at [email protected] NMLS# 184348.
Are you in debt and unsure how to start getting out? Or are you in debt, and unsure of if you want to find a way out? If so, that’s okay—tackling debt can be a little scary, but it’s in your best interests to start working your way out of financial trouble like this. Don’t... View Article
As you look ahead to retirement, you face a number of decisions for your changing financial future. This includes deciding whether to move to a new city for your retirement years, changing your lifestyle to live on your retirement income and potentially pre-paying your mortgage. Some retirees may have already paid off their mortgage years ago, but others have continued with this monthly... View Article
For more than a year, an expansion to the Home Affordable Refinance Program (HARP) has been in the works, with the bill still sitting idle in the legislature. President Barack Obama reportedly introduced HARP 3.0, which has been labeled “A Better Bargain for U.S. Homeowners.” As the mortgage industry eagerly awaits news about HARP 3.0,... View Article
“Debt-to-income ratio” is a phrase you’ll run into often once you decide to buy a house. All lenders seriously consider a borrower’s debt and income in considering an application. However, not every borrower has a perfect debt to income ratio, and some ratios are down-right discouraging. But if you don’t have a good debt to... View Article