What Happens After I’ve Applied For My Loan?

Financing:

  Have you applied for a loan to purchase a home in the Tampa Bay area and now wondering what’s next? It usually takes a lender between 1-6 weeks to complete the evaluation of your application. Like the video shows, it’s not unusual for the lender to ask...

What Does Ability To Repay Mean?

Mortgages:

  Looking to secure a home loan in the Tampa Bay area and curious about the “Ability to Repay” rules? 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...

What Is The Debt-To-Income Ratio (DTI)?

Buying, Financing:, Mortgages:

  Starting the home buying process in the Tampa Bay area? One term you may hear your lender use is “DTI” or Debt-To-Income Ratio. Measuring your existing debts against your existing income is one part of a lender’s required assessment of your ability...