Home Mortgage Tips , ,

How Technology Is Creating an Easier Mortgage Approval Process

From saving up for a down payment to sussing out the ideal lender, there are so many things involved in purchasing a home that can make it seem like a rather complicated undertaking. However, like a lot of things in our lives, technology has streamlined the process in recent years. If you're currently searching for a home on the market, here are some new technological advancements that may make buying a little easier for you. The Smart Phone Advantage The paperwork and requirements associated with a mortgage may not have changed much in recent years, but smart phones have provided…
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Mortagage Tips , ,

Assessing Your ‘Debt-to-Income Ratio’ and Why This Number Matters When Getting a Mortgage

If you are looking to buy a home, you may want to consider shopping for a loan first. Having your financing squared away ahead of time can make it easier to be taken seriously by buyers and help move along the closing process. For those who are looking to get a mortgage soon, keep in mind that the Debt-to-Income ratio of the borrower plays a huge role in the approval of your mortgage application. What is a Debt-to-Income Ratio? A debt-to-income ratio is the percentage of monthly debt payments compared to the amount of gross income that a person earns…
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