Buying A Home
Debt-to-Income Ratio: The Other Financial Health Metric
The DTI is the percentage of our income that goes toward paying our monthly debts. These ratios can often be overlooked as many people assume that a good credit score and income are the only two elements taken into consideration when seeking to purchase a home, car, or even to open a credit card. However, for many lenders, a good report and credit score are not enough to be considered a suitable candidate.
Posted on February 2, 2021
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Steps to Take Before Buying a Home
Steps to Take Before Buying a Home from American Financial Solutions How Can I Make My Credit More Appealing to Lenders Before I Buy a Home? Looking for a mortgage? Want to get the lowest rate possible? Here are some steps you can take to ensure your credit is at...
Posted on July 7, 2017
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The Pros and Cons of Owning a Home
Buying your own home is a cornerstone of the American Dream and likely one of the biggest financial decisions you’ll ever make. Without proper consideration and planning that dream can turn into a credit nightmare. Before you buy it’s important to consider all the potential pros and cons, so you can make an educated purchase.
Posted on March 14, 2017
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Mortgages – Five Tips for Paying Off Your Home Faster
Maybe you have heard your parents or grandparents talk about a mortgage burning party and wondered how they ever finished paying off their home loan. While it may seem like a daunting task to reduce the amount of time and interest you pay on a mortgage, there are at least five things you can do to pay a mortgage off early.
Posted on March 1, 2017
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How to Know What You Can Afford in a Home
Over the past ten years, we have learned that housing sales contribute enormously to our national economy, but how do those house sales impact our own pocket books and how do we know what we really can afford?
Posted on December 23, 2016
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Hope for a New Home After Foreclosure and Bankruptcy
Timelines for buying a house after filing bankruptcy or going through a foreclosure.
Posted on December 23, 2016
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Debt to Income and Your Home Loan Ability
How much debt is too much debt when buying a home? Find out what your debt to income level is with some simple calculations.
Posted on December 23, 2016
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You don't have to wait 30 years to pay off your mortgage
Your parents, or maybe your grandparents, might have been frugal enough to have a mortgage burning party. While some financial advisors might encourage people to maintain a mortgage to take advantage of tax benefits, many of us are more excited about the freedom that comes with a home owned...
Posted on December 23, 2016
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Day 3 of America Saves Week - Big Ticket Savings
Day 3 – Big Ticket Saving Occasional “Big Ticket” or expensive purchases can be unavoidable in life. People simply need cars and homes, and want to send their children to college. The best way to deal with these necessary purchases is to plan ahead and be prepared. There are of...
Posted on December 23, 2016
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New Homeowner Foreclosure Protections to Begin January, 2014
January 17, 2013 CFPB RULES ESTABLISH STRONG PROTECTIONS FOR HOMEOWNERS FACING FORECLOSURE Abbreviate release from the Consumer Financial Protection Bureau The Consumer Financial Protection Bureau (CFPB) is issuing new mortgage servicing rules to establish strong protections for struggling homeowners facing foreclosure. The rules will also protect all homeowners from being hit by...
Posted on December 23, 2016
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