Tag: Debt

Posted on 01/24/2021
Understanding Debt to Income Ratios and Why They Matter
Image by Mimzy from Pixabay As you start your journey to home ownership, one of the terms you may hear from your mortgage lender is debt to income ratio. Many people have never heard this term before, but it is an important aspect of obtaining a mortgage. Your mortgage lender wants to make sure you are not going...
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Posted on 12/22/2019
Bi-Weekly Mortgage: Could It Help You?
Photo by Designer491 via Shutterstock The term “bi-weekly” means every other week. If you get paid bi-weekly, you usually get your check every other Friday. When it comes to a mortgage, typical amortization plans (payments of principal and interest) use a 30-year/360-month calculation. But many lenders offer a bi-weekly plan too. In this case, you would make 26...
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