What Does Ability To Repay Mean?
What are the “Ability to repay” rules about?
In a nutshell, as this video shows, new laws require lenders to make a good-faith assessment of a borrower’s capacity to pay back their loan over time.
It’s a longer-term view that goes beyond immediate in... read more
What Is The Debt-To-Income Ratio (DTI)?
Measuring your existing debts against your existing income is one part of a lender’s required assessment of your ability to repay a loan.
Like the video says: debts are existing financial commitments; a car payment is a debt a grocery bill is not.
To cal... read more
How Should I Prepare The Inside For An Open House?
For many homes and markets, professional help from someone in “staging” makes good financial sense. Like this video say, check your staging options first.
If you are doing it yourself, here are 5 key tips.
One - Depersonalize.
You wan... read more