Asset Depletion also known as Asset Utilization is a unique method of helping you qualify for a mortgage if your regular monthly income is not high enough. When you apply for a mortgage, lenders usually require your debt to income ratio to be within a maximum threshold – commonly 45%. But what happens when you …
If you are considering refinancing your home or taping into your equity for cash in order to consolidate existing debt, the new 2019 loan limits will come as good news for you. Refinancing your home can be an effective method to consolidate debt. However, when you refinance for this purpose, this type of loan …
Should I Refinance to Consolidate my Credit Card Debt? Read More »
Have you been considering using an online lender? If you are interested in refinancing your home it might be tempting to utilize the services of an online lender or a call center lender. After all, these lenders make the process sound so easy…and cheap!! But can you really push a button and get a mortgage? …