Tag Archives: qualifying for a mortgage

A Mortgage Application For A New Purchase, That Excludes A Current Mortgage From The DTI Calculation?

Home For Sale photo

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 is […]

Can You Buy A Home, EVEN WITH Student Loan Debt?

debt photo

A recent article at the Hallmark Abstract Service blog asked the following question…’When Applying For A Mortgage, Is Riding On A Rocket Always Your Best Option?’ The premise of this article was whether a prospective homebuyer shopping for a mortgage is best served by an online provider that basically runs the borrowers information through a […]