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Debt-to-Income Ratio: How to Calculate Your Mortgage DTI

WEBMultiply this by 100 to convert your DTI ratio into a percentage. For example, with a gross monthly income of $3,000 and $900 in debt, the calculation is $900/$3,000 …

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What is a Bridge Loan and How Does it Work for Buying a New …

WEBBridge Loan Lender Requirements. When applying for a bridge loan, the process is somewhat similar to that of a traditional mortgage. Your loan officer will …

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FHA Home Improvement Loans and Qualification Requirements

WEBStandard 203K FHA Loan. Loan Amounts: Begin at $5,000 and cap at 110% of the home’s value after repairs.; Types of Repairs: Focus on any repairs, whether …

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When is the Best Time to Refinance Your Mortgage

WEBKey Takeaways. When It Makes Sense to Refinance: Consider refinancing when it can lead to significant savings, either through a lower interest rate, a shorter loan …

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2024 Conforming Loan Limits: A Guide for mortgage loan amounts

WEB2023 Conforming Loan Limits. In 2023, the baseline FHFA conforming loan limit is $726,200, which shows a loan limit increase from $647,200 in 2022.

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FHA Announces 30-Point Reduction in Mortgage Insurance

WEBIntroduction to FHA Mortgage Insurance Premium Reduction. The Federal Housing Administration (FHA) has been instrumental in providing affordable housing …

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How to Get a Self-Employed Mortgage Fairway Mortgage

WEBStep 4: Understanding How Lenders Calculate Income. Lenders analyze self-employment income using Fannie Mae’s Form 1084 or a similar method, tailored to the …

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Jumbo Loans vs. Conventional Loans: What's the Real Story

WEBQualifications Conforming Loan Jumbo Loan; Loan Amount (1 Unit) $726,200 – $1,089,300: Several Million Dollars: Down Payment: 3% – 20%: 10.01% – 25%

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Best Physician Mortgage Loans for Doctors and Nurses

WEBOne of the key advantages of physician loans is the potential exemption from private mortgage insurance (PMI) requirements. In conventional mortgages, if you put down …

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2024 Boston Housing Market Report: Real Estate Trends & Forecast

WEBBoston Housing Market Trends and Forecast for 2024. As we move from 2023 to 2024, people looking to buy homes in Boston are wondering if this year will be …

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Mortgage Loans for Healthcare Workers: Save 1% on Your First Year

WEBEstimate My Rate. A Special Mortgage Program Just for You. Whether you’re a seasoned property owner or you’re navigating the first-time homebuyer process, our …

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Physician Loans: A Complete Guide to Doctor Mortgage Loans

WEBUnderstanding Physician Mortgage Loans. A physician loan, often referred to as a doctor mortgage loan, is a specialized mortgage option crafted for medical …

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Summer Plant Check Up

WEBAs summer approaches, it’s important for homeowners to take proactive steps to ensure the health and survival of their plants and trees. The intense heat, …

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Escrow Holdback for Repairs: Escrow Accounts and Holdbacks

WEBAn escrow holdback refers to the process of collecting extra funds at closing, returned once the required repairs to the acquired property are completed.

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Rolling Student Loans Into Your Mortgage: A Comprehensive Guide

WEBAlternatives To Consolidation. If the idea of rolling your student loan debt into your mortgage doesn’t align with your financial goals, or if you’re hesitant to …

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New Hampshire First-Time Homebuyer Assistance Programs and …

WEBNew Hampshire First-Time Homebuyer Assistance Programs. A single trip to New Hampshire is enough to understand why many are drawn to its charm. The …

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Boston Ranked One of the Best Cities for Working Parents

WEBBoston’s Ranking for Employed Parents. If you’re considering relocating your family, Boston should be at the top of your list. According to recent community …

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How to get rid of PMI on FHA Loan without Refinancing

WEBHow do I cancel FHA mortgage insurance? Contrary to popular belief, the FHA mortgage insurance premium (MIP) doesn’t necessarily last forever.. While certain …

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