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Mortgage Articles

Information to help you make an informed decision

  • A Good Mortgage Rule of Thumb (Debt to Income Ratios DTI)

Lenders and Real Estate Agents frequently talk about the so-called 28/36 percent rule of thumb when considering your mortgage and interest rates. That means that, typically speaking, your total monthly income should be high enough that you can devote up to 28 percent of it toward your house payments. And when you add up your total debt (high-interest credit cards, school loans, car payments, etc.) you should not plan on spending more than 36 percent of your total income on outstanding debt and mortgage combined.

  • Calculating Your Mortgage Payments

When looking into a refinancing or new home loan, you’ll need to consider how confident you are in terms of future income, interest rate changes, and your ability to pay. A mortgage calculator provides a rough estimate, but you’ll need to work with our prospective investors toward securing a loan that makes sense for you.



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