Mortgage lenders look at two things when deciding if you’ll qualify for a mortgage – your credit score and your debt ratio. Don’t make the mistake of assuming you are a shoo-in for a mortgage if you have a great credit score. If your debt ratio tells another story, you may find it harder to get a mortgage than you thought.Compare Offers from Several Mortgage Lenders.If … [Read more...] about The Top Four Easy to Reduce Debt for Mortgage Approval
If you are eligible for a VA loan, you have a great loan program at your disposal. Not only do you get 100% financing, but you also get access to flexible underwriting guidelines.Compare Offers from Several Mortgage Lenders.Unlike other loans in the industry, the VA loan has relaxed guidelines for just about every aspect of the loan including the debt-to-income ratio. … [Read more...] about What’s the Ideal DTI for VA Financing?
You went to college and left with not only a degree, but a whole slew of student loans. Now you want to buy your own home, but wonder how you will do it. Will lenders turn you away because of your college debt?Looking for Current Mortgage Interest Rates? Click Here.Luckily, lenders won’t push you away just because you have debts from college. They look at the big … [Read more...] about How do Student Loans Affect Getting a Mortgage?
Credit card debt can quickly overwhelm you. If this is you, don’t worry, you have options. Before you jump into a debt consolidation plan, know the pros and cons. No matter how many offers you receive for consolidation, do your research. They each have their pros and cons. Your situation determines which option works best for you.Consolidating your credit cards means … [Read more...] about What is the Best Way to Consolidate Credit Card Debt?
There is more than $1 trillion in student debt out there today. If you are in debt with student loans, you are not alone. That does not make affording them any easier, though. If you cannot make your minimum payments, you have options. One of them is to consolidate them so that you only have one big loan. You should consider some things before consolidating your student loans, … [Read more...] about Is it Smart to Consolidate Student Loans?