mortgage lender | Something On My Mind

the personal finance blog

Jul 27, 20211 min read

PFT #32 - Don't Refinance Your Mortgage Just to Refinance

There is an allure to lower your mortgage payment; however, you don’t want to refinance just to refinance.

Jun 7, 20219 min read

#62 - Is it Better to Buy or Rent a Home? It Depends on Budgetary Discipline

Whether you choose to rent or buy your home, it is a major life decision that affects not only your lifestyle but also your financial health

Apr 30, 20211 min read

Government Sponsored Entities (GSEs)

A government-sponsored enterprise's (GSE) function is to enhance the flow of credit to targeted sectors of the economy.

Apr 29, 20212 min read

PFT #20 - Personal Finance Tip: When is the Right Time to Buy a House?

Low interest rates, lack of labor and supply are the right ingredients for an unprecedented housing market; perhaps a housing bubble.

Apr 16, 20212 min read

Should You Make Biweekly Mortgage Payments?

Many mortgage companies have a biweekly payment plan to make 13 payments each year. This can you save thousands of dollars interest.

Apr 11, 20212 min read

Loan-to-value (LTV)

Loan-to-value (LTV) is what lenders measure when a borrower buys or refinances a home. The higher the risk, the higher the interest rate.

Sep 15, 20205 min read

#24 - What is Debt-to-income Ratio and to Use it When Purchasing or Refinancing a New Home

DTI is used as a measure for loan approval. We'll this explain simple calculation to be prepared when applying for a mortgage or refinance.