In the exhilarating journey of purchasing your first home, it’s easy to get swept away by dreams of the perfect house, complete with all the bells and whistles. However, falling prey to unrealistic expectations can turn this exciting venture into a financial and emotional rollercoaster. One common pitfall is underestimating the true cost of homeownership. […]

For many, the dream of homeownership represents a significant milestone, marking a journey towards stability, comfort, and personal investment. As you embark on the path to purchasing a new house, one crucial factor stands tall as the foundation of your financial journey – your credit. Let’s delve into the profound significance of credit when stepping […]

he holiday season is a time of joy, celebration, and, for some, the perfect opportunity to make one of life’s biggest investments: buying a new house. While it might not be the most conventional time to enter the real estate market, purchasing a home around Christmas can be a wise and rewarding decision. In this […]

The debt-to-income ratio (DTI) is a fundamental financial metric that plays a pivotal role in the mortgage application process. It provides lenders with valuable insights into your ability to manage additional debt effectively while honoring your existing financial obligations. This synopsis outlines the essential aspects of calculating DTI for mortgages, a critical factor that can […]

In the world of real estate and homeownership, there’s a topic that often stirs controversy: the role of mortgage loan officers. Some argue that their services are unnecessary in today’s digital age, while others, including myself, firmly believe that mortgage loan officers play a crucial and irreplaceable role in the home buying process. In this […]

In the complex world of real estate transactions, collaboration is key to success. One of the most important partnerships in this industry is between real estate agents and mortgage loan originators. Together, they form a powerful alliance that helps clients navigate the intricacies of buying or selling a home. In this blog post, we will […]

That is the true question… A lot of people struggle with determining whether they should continue to rent or they should bite the bullet and purchase a home obtaining their first mortgage. A lot of people are unaware of how to make this decision, and whether, it will impact them short-term versus long-term, well I’m […]

In my previous blog, we discussed knowledge of the mortgage industry. So now let’s talk just general education. I think, regardless of your ethnicity, regardless of your economic status within society, everyone can learn a thing or two about the mortgage industry. With my background in underwriting, and now as a mortgage loan originator, I have had the opportunity to learn a lot of information on what gets a loan approved. 

I read a CNBC article that stated the following:  “When it comes to applying for a mortgage, 18% of Black borrowers are denied on average compared to a 9% rejection rate for the overall population. LendingTree’s analysis is based on data from the 2020 Home Mortgage Disclosure Act.” Aug 27, 2022. https://www.cnbc.com/amp/2022/08/27/black-borrowers-mortgage-denial-rate-twice-that-of-overall-population.html [cnbc.com]     So, what […]