Mortgage Planning: Step by Step
Step 1: Assess Your Credit
Step 3: How much have you saved for this purchase?
Step 2: Figure Out Your Debt-to-Income (DTI)
As a Certified Credit Counselor, I can help people get a free copy of their credit reports from each of the three credit bureaus to see if there are any issues that need to be addressed before applying for a home loan. I can also help future homeowners understand the different types of credit reports that mortgage lenders usually use to determine their risk. Call or text me to start the process today! 210-410-0325
Step 2: Figure Out Your Debt-to-Income (DTI)
Step 3: How much have you saved for this purchase?
Step 2: Figure Out Your Debt-to-Income (DTI)
If you are too heavily in debt, lenders may not want to lend to you. Find out what your DTI ratio is and compare it to what lenders consider a good risk or a high risk.
Call or text 210-410-0325 or email to get started on planning your next mortgage for either primary use, vacation use or investment cashflowing use.
Step 3: How much have you saved for this purchase?
Step 3: How much have you saved for this purchase?
Step 3: How much have you saved for this purchase?
Assessing all of your resources that you can pull from to fund your next mortgage is an important step towards your next mortgage. If you don’t have enough, we can suggest options that you may not have considered and if you do have enough, we need to make sure that the underwriters can source the funds to be able to qualify their use for the purchase.
Call or text 210-4-0-0325 or email to find out how much this loan is going to cost or if you will need a Down Payment Assistance (DPA) loan.