Applying for a mortgage loan can be a daunting task. There are so many factors to consider and understand before signing on the dotted line. This article will outline some key components to consider when applying for a mortgage loan. Credit score Your credit score is one of the biggest factors that lenders consider when […]

The debt-to-income (DTI) ratio is the percentage of your net monthly income that goes to paying your monthly loan payments. Financial institutions use it to determine your borrowing risk. A low DTI ratio indicates sufficient income relative to debt servicing, making a borrower more attractive. The DTI ratio is an excellent indicator for evaluating your […]