Real estate blog entries tagged with homepurchase by David Bailey and Erika Bailey, "Creating Clients for Life" Cell # 631-589 3600 (The Mortgage Outlet NMLS # 36861)

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homepurchase: Mortgage Myth # 4; All Lenders are the Same - 09/11/17 10:43 AM

Mortgage Myth # 4 All Lenders are the Same

This is one of the most ridiculous myths in the Real Estate Industry as no two lenders are the same. Your average consumer looking to buy or refinance a home sees nothing but the BIG print in all advertisement and does not notice the small print which is where they get you.

Here is one example, is your bank a Qualified lender or not? If they are you will be limited to a total debt to income ratio of 43%. This 43% includes your total monthly debts and your mortgage payment.
Non-qualified … (0 comments)

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