Affordable Mortgages with Dallas Top Lender

How Much Home Can I Afford?

The age-old question: “How much home can I afford?” does not have a simple answer. There are a variety of factors that ultimately determine your ability to get a loan and your borrowing power. The program type, Loan To Value (LTV), credit scores, and Debt to Income (DTI) ratios are the primary components that determine how much you can borrow […]

Mortgage Insurance With Mortgage Mark

MI Factors

The costs of Mortgage Insurance (MI) varies from program to program and the government-backed programs (like FHA, USDA, etc.) have predetermined MI factors that only vary based on the Loan to Value (LTV) and the loan term (i.e. 30 year vs. 15 year fixed). Conversely, the costs of MI for conventional loans (i.e. loans that aren’t […]

Remove Credit Report Disputes

Credit reports aren’t always perfect and occasionally certain items will need to be corrected – that’s where credit disputes enter the picture. When applying for a mortgage home loan, a credit report must be accurate and without disputes. Removing credit report disputes take time and effort, and if you don’t have the time (or want to make […]

Credit Score 101

When purchasing or refinancing a home, your credit scores can impact your potential mortgage interest rate and your APR. This is true for all types of loans: purchases, refinances, cash out refinances, home equity loans, HELOCs, home improvements loans, etc. Below is an outline of how credit scores are determined. A few “quick tricks” to […]