Tag Archives: front end ratio

How to Calculate Debt-to-Income Ratio (DTI) Yourself

Part of Homebuying 101

When you first thought about purchasing a home, you probably jumped online to do some basic research. You may have wondered about what information you need to share with a lender or mortgage broker to buy a home. Here’s one…

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Get HomeReady: An Affordable Mortgage Program You Might Have Missed

It’s not easy being a homebuyer in today’s market. If low inventory and high home prices weren’t enough, once record-low mortgage rates have risen to levels not seen since 2008. It’s enough to inspire anyone to consider all sorts of...

How Much of Your Income Should You Spend on Your Mortgage?

Part of Homebuying 101

What percentage of income should go to mortgage payments?  It’s a good question, particularly when you’re ready to buy a home for the first time. Just like other important financial decisions, you want your monthly mortgage payment to fit seamlessly…

Next Up!
Get HomeReady: An Affordable Mortgage Program You Might Have Missed

It’s not easy being a homebuyer in today’s market. If low inventory and high home prices weren’t enough, once record-low mortgage rates have risen to levels not seen since 2008. It’s enough to inspire anyone to consider all sorts of...