compare mortgage rates: Buyers Advice - What's the Max DTI? 28%, 36%, 41%, 43%, 50%...??? - 02/07/10 10:33 AM
Buyers looking for general mortgage guidelines? This post talks about your maximum allowable payment or Debt-to-Income Ratio or DTI. Each loan type broken down with it's specifics. Great information from Chris Thomas a loan officer in Colorado.
Let me know if you have any questions that I can help with on buying or selling a home!
Via Mortgage Support Services:
We get a lot of questions about debt-to-income ratios these days. Here are the underwriting guidelines for the various types of loans:
Conventional (non-government) loans:
If the loan is underwritten manually (by a person), the debt-to-income ratio (DTI) is 36%. If … (2 comments)
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compare mortgage rates: Mortgage Rate Shopping Tips - 10/21/09 02:50 PM
I think that shopping for a mortgage lender is one of the hardest things to do but Bill Ladewig from San Diego gives you great advice and a few tricks. Ask each lender for the same information so that you can shop them comparatively!
Educate yourself before you begin shopping and don't forget to ask alot of questions if you don't understand. And then keep asking questions until you do and feel comfortable with the process.
Via Bill Ladewig Your FHA Guru - FHA and VA Loans Since 1970:
Education is the Only Sure Consumer Protection
Realtors, We Must Teach Your … (1 comments)
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compare mortgage rates: What does the Annual Percentage Rate mean to me? APR? - 09/17/09 06:36 PM
Confused about APR? What is APR? Can I catch it and can penicillin cure it? Just kidding! This is a great explanation of the Annual Percentage Rate and what it means to you as a buyer. Bill Ludewig is a successful loan officer in Escondido, CA and also expands his explanation on what to watch out for when comparing loans from different companies.
Be sure you are comparing apples to the apples! Using the APR can help you do that. Hope you enjoy the information!
Via Bill Ladewig Your FHA Guru - FHA and VA Loans Since 1970:
WHAT IS MORTGAGE APR, … (0 comments)
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