Debt-to-Income Ratios

Debt-to-incomeatios Calculator

A debt-to-income ratio (DTI) is the relation of how much debt you have vs your total household income as a percentage. A lower percentage rate reflects that you are a stronger borrower versus the opposite. Lenders and creditors review your debt to income ratio as a measure of your ability to manage your monthly debts. KEYNOTES […]

Conventional or FHA and the First-Time Home Buyer

Conventional or FHA First-time homebuyer

It’s a common debate when considering a first-time home buyer program. Everyone wants to know what’s better, a conventional mortgage or FHA loan for a first-time home buyer? While it sounds like it should be a cut-and-dry answer, neither the conventional nor FHA requirements state you must be a first-time homebuyer. There are variations of […]

Mortgage Lender vs Mortgage Broker

Mortgage Broker vs Mortgage Lender

When you’re shopping for a mortgage, you have two options – a mortgage lender or a mortgage broker. While the end result is the same for both – “financing your home purchase or refinance”, the similarities end there.  You’ll get much more personalized service, greater options, and save more money using a mortgage broker than […]

Home Mortgage Calculators’ help to the Right Decision

Home Mortgage Calculators' help to the Right Decision Unlimited Mortgage Lending

If you’re ready to buy a house, you’ll likely need financing. While it can seem overwhelming, you can use a home mortgage calculator to make it easy. With just a little information you can estimate your monthly house payment and even see how different down payments can affect your loan. What is a Loan Calculator? […]

For the First-time Homebuyer – A Mortgage Step-by-Step Process

mortgage process

Did you know? That studies on first-time homebuyers from the US show that the median age for people buying their first home has increased from 28 – 29 years in 1981, to 33 years in the current times. While factors like inflation and increased market competition do play a role, the most frequently occurring reason […]

First Time Home Buyers

First Time Home Buyers

When you hear the phrase “First Time Home Buyers”, the meaning seems obvious, right? Literally, it’s someone who is seeking to buy and own a home for the “first time” in their life. In the mortgage industry, the definition is actually “someone who has not owned a residential property within the last three years”. In […]

Proactive TBD underwriter approval

mortgage lending

Homebuyers Need to Be Proactive in Todays’ Market Horror story or victory dance? You control your narrative. As a first-time home buyer1, the home-buying process can be overwhelming, stressful, and confusing, especially when it comes to the mortgage lending process. There are many horror stories of people who had put an offer on their “Dream […]

Damaging Credit Events and Mortgages

Damaging Credit Events and Mortgages Unlimited Mortgage Lending

If you are a first-time homebuyer with any damaging credit event in your credit history, you’re not alone. Approximately 30% of the population is in the same boat. While this may make it harder to get a home loan, it doesn’t mean you are automatically disqualified or that it will be impossible. What is a […]