3 Mortgage Myths that are Wrong

As the spring and summer buying seasons quickly approach, prospective homebuyers have to remain careful about falling for mortgage myths. Let’s dispel the following three mortgage myths: No. 1: Buyers must have a high credit score Having a high credit score won’t hurt, but subpar scores won’t bar buyers from Read More

Balancing Your Expenses: What a Debt-to-Income Ratio Means for a Mortgage

One important consideration that a lender takes into account when deciding whether to approve a borrower for a mortgage or a mortgage refinance is their debt-to-income ratio. This small ratio, buried among all the other percentages and numbers in an application, is often a key deciding factor – even more so than credit scores and savings. Read More

What compensating factors help get buyers qualified outside of FICO scores?

Your FICO credit score is an important element of qualifying for a mortgage – but maybe less important than you think. While lenders traditionally look to a high credit score as in indicator of a responsible borrower, this has started changing in recent years. There are other factors that may qualify a person Read More