Understanding the Components of the Mortgage Payment
Understanding what your mortgage payment consists of is very important for homeowners. Most people do not pay in cash for…
What Is PITI In Mortgage?
All mortgage loan programs require a maximum front debt-income ratio and back debt to income ratio. However, conventional loans do not require a front debt to income ratio. VA loans do not have a debt to income ratio requirements. Lenders can have lender over lender overlays on debt to income ratios.
First Payment After Closing For Mortgage Loan Borrowers
This guide covers the first payment after closing for mortgage loan borrowers. One of the most common questions new homebuyers…
Calculating Monthly Mortgage Payment on Home Purchase
This guide covers calculating monthly mortgage payment on a home purchase. Many first-time homebuyers think they need a lot of…
Benefits of Making Bi-Weekly Mortgage Payments
This guide covers the benefits of making bi-weekly mortgage payments. The benefit of bi-weekly mortgage payments is that homeowners can…
