Can my student loans affect my eligibility for a home loan?
When qualifying for a home loan, many factors come into play—one of the biggest being student loan debt. Lenders primarily focus on your income compared to your debt when deciding how much mortgage you can afford. This is known as your "debt-to-income ratio" or DTI. Your DTI ratio has two parts: th
Top 5 Most Common Mistakes First-time Homebuyers Make
Buying your first home is a big deal and with such a major decision can come big mistakes, if you aren’t careful. Here are the top 5 most common buyer mistakes and tips on how to avoid them. Shopping for a home before applying for a mortgage Finding out how much you can reasonably afford in a ho
What is a Rent-to-Own Home?
For most buyers, purchasing a home means that you’ll first need to be approved for a mortgage. To qualify, certain requirements must be met such as a decent credit score, money for a down payment, an acceptable amount of income compared to debt, amongst other things. For some, this traditional path
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