What Is The Debt-To-Income Ratio (DTI)?

by | Jan 7, 2017 | Mortgages:

Measuring your existing debts against your existing income is one part of a lender’s required assessment of your ability to repay a loan. Like the video says:  debts are existing financial commitments; a car payment is a debt a grocery bill is not. To calculate your...

What Are The Major Types Of VA Loans?

by | Jan 7, 2017 | VA Loans:

What Are The Major Types Of VA Loans? Major Veterans Affairs loan programs described in this video include: 1) Purchase Loans. These help eligible parties buy a home at competitive interest rates with little to no down payment and little or no private mortgage...

What Are VA Home Loans?

by | Jan 7, 2017 | VA Loans:

What Are VA Loans? As the video says, the name is misleading – they’re not loans FROM the VA. The VA – short for “US Department of Veterans Affairs” – is the Federal military veteran benefit system. The VA administers benefits and services for...

What Is A Rate Lock?

by | Jan 7, 2017 | New Homes

Mortgage rates change constantly through an unpredictable combination of government policies and economic conditions. This video explains the common term ‘rate lock.’ A “Rate Lock” is a guarantee that a lender will honor a specific combination...