What’s My Debt-to-Income (DTI) Ratio?
Debt-to-Income (DTI) is one of the many new mortgage related terms many First-Time Home Buyers will get used to hearing. DTI is a component of the mortgage approval process that measures a borrower’s...
View ArticleWhat’s The Difference Between A Single Family, Second Home and Investment...
When applying for a mortgage, a borrower’s “Occupancy Type” is a major factor in the amount of down payment required, loan program available and mortgage interest rate. Whether you are purchasing,...
View ArticleCommon Documents Required For A Mortgage Pre-Approval
Even though many lenders are still quoting quick 10 minute pre-qualifications over the phone or online, a true mortgage approval that holds any weight is one that has been issued by an underwriter who...
View ArticleTop Mortgage Terms To Know
While most mortgage web sites offer a glossary containing hundreds of real estate and lending related terms, we wanted to highlight the top terms that most borrowers will hear several times throughout...
View ArticleCalculating Loan-to-Value (LTV)
Understanding the definition of Loan-to-Value (LTV), and how it impacts a mortgage approval, will help you determine what type of loan amount and program you may qualify for. Since the LTV Ratio is a...
View ArticleMelbourne, Florida HARP 2.0 : Unlimited Loan to Value
The HARP refinance program was launched in 2009 as the administration’s effort to stimulate the economy by helping underwater homeowners get a timely refinance. The initial version of HARP helped a lot...
View ArticlePensacola, Florida HARP 2.0 Refinance for loans with LTV as high as 200%
The HARP refinance program was launched in 2009. It was part of the administration’s economic stimulus plan meant to help up to 7 million underwater homeowners get a refinance. But of course, they must...
View ArticleSaint Pete, Florida HARP 2.0 Refinance Program : Help For Struggling Homeowners
The HARP Refinance Program is part of the government’s strategy to help homeowners avoid foreclosure, stabilize the country’s housing market, and improve the nation’s economy. The program is designed...
View ArticleSarasota, Florida HARP 2 Statistics : Homeowners whose Mortgages are...
HARP stands for Home Affordable Refinance Program. It was launched in 2009 as an aid to timely refinancing for underwater homeowners and to help stabilize the housing market. Back in 2009, mortgage...
View ArticleWhen We Own a Home in Orlando, FL…
Chris Brown Chris Brown is the premier expert on HARP loans and Government FHA and VA loans. Please visit The Mortgage Chili Blog
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