Mortgages

BobMortgage Zone: How Long Does it Take to Close a Home Loan?

By Joanna England / August 23, 2018 /

In the “real world” the typical time it takes to close and fund a home loan can be 30 days, says Bob Johnson (AKA BobMortgage) in his latest brodcast. However, as he notes, it does’t have to take that long. In this week’s BobMortgage Zone episode, we hear from the team on what it means…

What is a Debt-to-Income Ratio and How Does it Affect Your Mortgage?

By Joanna England / August 16, 2018 /

There’s a lot of mystery wrapped up in how you get pre-approved for a mortgage. Part of that lies in the debt-to-income ratio, which is part of the alchemy mortgage companies use to see how much you can borrow for your home. But how do they calculate it, and what’s behind the numbers? In this week’s…

BobMortgage Zone: What Credit Score Do You Need to Buy a Home?

By Joanna England / August 9, 2018 /

Credit scores are these mythical rankings that, depending on where your credit score lands, can make or break your ability to get a home loan. Right?  Well, yes and no, as our most-trusted mortgage adviser explains in the latest episode of BobMortgage Zone. Are you putting off purchasing a home until your credit score improves?…

BobMortgage Zone: How Much Cash Does it Take to Close?

By Joanna England / August 2, 2018 /

When you buy a home, there are quite a few situations where buyers will need to pay cash to during the length of the transaction. But what are they, and how much will it cost? Our most-trusted mortgage expert, Bob Johnson (AKA BobMortgage) pulls back the curtain on how much cash you’ll need to buy…

BobMortgage Zone: What’s The Best Way to Buy a Home For Your Parent?

By Joanna England / July 26, 2018 /

Sometimes roles are reversed, and parents end up needing a hand financially. But what’s the best way to help a parent buy a home when they don’t have the financial means to do it themselves? It’s an interesting situation that Bob Johnson (AKA Bob Mortgage) came across recently. In today’s 15th BobMortgage Zone episode, the…