Rise Mortgage and Real Estate
15 Year Mortgage vs 30 Year Mortgage

15 Year Mortgage vs 30 Year Mortgage

Wednesday, August 12, 2015

TAGS

Rocky Sanchez

RECENT Posts

  1. What is Debt to Income Ratio?
    04 Sep, 2018
    What is Debt to Income Ratio?
    Your debt-to-income ratio is all your monthly debt payments divided by your gross monthly income. This number is one way lenders measure your ability to manage the payments you make every month to repay the money you have borrowed. To calculate your debt-to-income ratio, you add up all your monthly debt payments and divide them by your gross monthly income. Your gross monthly income is generally the amount of money you have earned before your taxes and other deductions are taken out.  For
  2. Why a Pre-Approval Carries More Weight than a "Pre-qual"
    14 Aug, 2018
    Why a Pre-Approval Carries More Weight than a "Pre-qual"
    The terms pre-qualification and pre-approval are often conflated and may confuse homebuyers, but there is a world of difference between the two. A prequalification is a preliminary step to get a better understanding of the potential borrower's financial situation and goals. It includes an analysis of their debt, income, and assets and is usually done through the phone or a quick meeting, thus the borrower's credit is not pulled and documents are not needed to verify the amounts. A preapproval