Rainmaker
724,442
Pat Champion
John Roberts Realty - Eustis, FL
Call the "CHAMPION" for all your real estate needs

Now is a great time to buy; not later. Thanks for sharing. I hope you have a great weekend!

Dec 04, 2020 01:35 PM #1
Rainmaker
5,219,277
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Gene,

You made an excellent point about eliminating debt.  Wishing you a wonderful weekend.  A

Dec 04, 2020 02:21 PM #2
Ambassador
4,203,147
George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Gene I agree.  That is a winning formula!!!

Only two things impact the Debt-To-Income (DTI) Ratio, dept and income.  You either need more income or less debt.  Lower interest rate = less debt, which in turn equals more income for a mortgage payment.

Dec 04, 2020 04:45 PM #3
Rainmaker
3,257,123
Brian England
Vacasa - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

That definitely is a formula for success and I know that you will always lead buyers in the right direction for the best loan for them.

Dec 05, 2020 04:59 AM #4
Rainmaker
273,085
Rocky Dickerson
Realty One Group - Las Vegas, NV
Superior Service!

Great post today Gene Mundt, IL/WI Mortgage Originator - FHA/VA/Conv/Jumbo/Portfolio/Refi  many folks don't realize the buying power they have these days.

Dec 05, 2020 12:54 PM #5
Rainmaker
2,966,384
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate

Hello Gene Mundt, IL/WI Mortgage Originator - FHA/VA/Conv/Jumbo/Portfolio/Refi - yes, eliminate debt!  So many people took advantage of the lower rates by refinancing.  A wise thing to do ... we may not see rates that low again in my lifetime. 

Dec 05, 2020 02:00 PM #6
Rainmaker
1,188,915
Jane Peters
Home Jane Realty - Los Angeles, CA
Los Angeles real estate concierge services

Another great post, Gene. The current situation has been at least good for tose getting their financial affairs healthy and ready to make their next purchase. More grist for my mill.

Dec 10, 2020 02:58 PM #7