The rule of thumb is that you should not spend more than 30% of your household income on rent. This means that if your combined household income is $10,000 per month, then your rent should be no more than $10,000 x 0.3, which comes out to be $3,000. This 30% rule of thumb exists so …
Finding your dream home can feel like looking for a needle in a haystack. Keep in mind these essential tips when searching for the perfect fit. Set your budget before starting your home search Setting a price range is crucial because your budget can help narrow down your search. A great way to figure …
You may be wondering what it means to refinance, the benefits of refinancing, and what different refinancing options are out there. Check out this quick article to learn more! Refinancing: Introduction Refinancing your home mortgage means converting your current home loan into a new one. There are several reasons why someone may choose …
Buying a house is one of the biggest financial decisions you can make. Here’s how you can set the right expectations about the road ahead, along with some tips to help you along the way. Buying a home: The emotional lows Let’s get the bad news out of the way: nothing worth having ever …
The Emotional Highs and Lows of Buying Your Dream Home Read More »
Mortgage lenders check your credit at the beginning of the approval process, and they also pull your credit again right before closing. If the second credit check comes back the same as the first, the closing should stay on schedule. However, if the second credit check comes back lower than the first, or raises some …
What Happens if My Credit Changes Before Closing? Read More »
Having a low credit score can feel like a major burden. But a “bad” credit score is not a life sentence. Here are some steps you can take to improve your credit. Check your credit history for errors First, you should check your credit history for any errors that you can dispute. Checking your …
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