DTI Calculation Excluding Current Mortgage Payments! Back in 2019 we highlighted a fantastic national mortgage program being offered by a major money-center institution, Citicorp, that actually excludes current mortgage payments from the debt-to-income (DTI) calculation for a homebuyer who is actively looking for a new home and will be selling the current one! Given the current […]
3 Often Overlooked Expenses in Home Ownership Perhaps your family has outgrown the small apartment you’re currently renting, or maybe you want to expand your already thriving collection of vacation properties. Whatever your reason might be for purchasing a new home, it’s important to ready your bank accounts for this major undertaking. Recent months have […]
So let me get this straight…A mortgage applicant currently has an outstanding mortgage on their home, and those expenses can be excluded from the DTI calculation for a mortgage that will be used to buy another home? Are we talking about a bridge loan or a loan from some other non-traditional lender? The answer […]
When you are planning to buy a home, and perhaps acquire a mortgage, what are some of the key considerations that should go into the decision-making process? Some advice from Warren Goldberg, President of Mortgage Wealth Advisors in New York… For most Americans, homeownership is the American Dream and has provided the cornerstone to building […]
