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...

5 Tips If A Storm Damages Your Home

Insurance, Property Damage

For us living in Florida we are no stranger to storms.  Although we hope you never have to deal with damages resulting from a storm we thought it would be helpful to share some tips in case you ever find yourself in this situation. Below are 5 tips to keep in mind in...

What Should I Know Before Investing In Real Estate?

Buying, Investing

Are you thinking of investing in real estate in the Tampa Bay area? While you can’t control everything, it helps to know what you are getting yourself into and actively prepare yourself to execute a sound investment.  If you are new to real estate investing, here are...

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...