Categories for Borrower Tips

Mortgage Co-Signers and Co-Borrowers

February 4, 2013 by 25 Comments

Co-signing or co-borrowing is serious business. Many young borrowers have little or no credit history, making it difficult to get student loans or mortgages–lenders generally take a cautious approach to first-time borrowers. Without a credit history to go on, it’s not unusual for them to require a co-signer before they hand over a check. Agreeing to... View Article

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What is Debt-To-Income Ratio?

January 23, 2013 by Leave a comment

Debt-to-income ratio (DTI) is one of the key factors mortgage lenders use to determine whether or not a potential borrower can afford a mortgage. The debt-to-income ratio is calculated by dividing total monthly debt payments by total monthly income. Monthly debt payments generally include expenses such as mortgage payments, auto payments, student loan payments, credit card... View Article

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New Mortgage Disclosures Can Help Borrowers Save on Closing Costs

January 21, 2013 by Leave a comment

If you’re buying a new home or refinancing your current mortgage in the next few months, you’re going to see a new mortgage disclosure form.  The new, easy-to-to understand closing form from will disclose virtually every cost involved in taking out a mortgage or buying a home.  The new form will show costs ranging from property... View Article

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