When applying for a home mortgage, how do you know how much loan amount you can afford? The key is your debt-to-income ratio. The debt-to-income ratio is a critical measurement that underwriters use to determine your ability to repay the loan. Given its importance to the lending decision, it is critical to understand the debt-to-income
Today's historically low mortgage interest rates are luring many consumers into increasing the amount that they will spend on interest over the life of their loans. But are consumers making a mistake when they refinance to a new lower rate loan that has have a higher total interest cost? Not necessarily — and here's why.
Even though many economists predict that housing prices may continue to fall, thus expressing a view that U.S. real estate is still overpriced, America’s top cities may still be among the cheapest real estate in the world.
One of the first steps to purchasing a new home is making sure you can finance the deal. Shopping around for a mortgage is a must-do for any homeowner-to-be, yet most people are prone to making mistakes that result in getting the wrong mortgage for their needs. Here are eight mortgage secrets to keep in
Watching the stock market’s wild swings and taking in all the gloomy recession talk on the news makes it hard to get into a vacation mood. But with gas prices coming down, a late-summer road trip might just be what you need. Here are six ways to save on the road.
I’m guilty of being embarrassed by my credit score, but not my credit card debt because it’s been about eight years since I swore off paying late and carrying any debt except the mortgage. And that’s why having a below-stellar credit score is so annoying to me. But at least I’m not alone. According to a National