What are the Steps in the Loan Process?

To follow is a general expectation for the loan process, from the time of requesting the loan (or locking in on a rate) through closing. When you first start out, it can seem like a daunting experience as you gather all the documentation and paperwork, but if your...

Tips Regarding Your Refinance

This is a document that I send to clients whom are refinancing their home mortgage. There are a number of “heads up” items listed, all of which are meant to prepare you for any hiccups or annoyances in the refinance process.  Many of these will also apply...

Are No-Cost Loans a Real Thing?

Can you purchase a home or refinance your existing mortgage and not pay anything to do so? The simple answer is yes, but it definitely needs more explaining. There are costs associated with every purchase and refinance; the question is how they are paid. The best way...

How to Calculate Your Qualifying Ratio

Your qualifying ratio, also called the debt-to-income (DTI) ratio, is one of the three main factors in getting a loan. The other two are the Loan-to-Value ratio (considering down payment or equity), and your credit score.  There are many other factors in getting a...