What is Debt-to-Income Ratio?

This equation, comparing how much money you owe to the money you make, affects whether you can qualify for a mortgage but let’s unpack this important term into plain old dollars and sense. Debt is the money you owe to another party. As a consumer, your debt load...

5 Mortgage Misconceptions Set Straight

Getting a mortgage can be a breeze or a slog, depending on what you know about the process. To get organized and set your expectations properly, let’s debunk some common mortgage myths. Lenders Use Your Best Credit Scores If you’re applying for a mortgage...

How Much Does It Cost to Move?

Making the decision to move can be an exciting time, whether you’re moving across town or across the country. However, it can also be a milestone surrounded by uncertainty: Am I making the right decision? How will my kids adjust to a new school? Will I like my...
What Is Mortgage Insurance Premium?

What Is Mortgage Insurance Premium?

If you’re a first-time mortgage borrower, you might be asking yourself, “What is MIP?” Home buyers considering getting a loan from the Federal Housing Administration will find MIP, or mortgage insurance premium, especially relevant because all FHA...