debt-to-income ratio

BobMortgage Zone: What is The Difference Between FHA vs. Conventional Loans?

By Joanna England / October 26, 2018 / 0 Comments

Have you ever wondered what the difference is between an FHA loan and a conventional loan? There’s no better person to ask than our most-trusted mortgage adviser, Bob Johnson (AKA BobMortgage). Frequently asked questions usually center on how the loan type affects appraisals, down payments, and debt-to-income ratios. How does it affect mortgage insurance, and […]

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

By Joanna England / August 16, 2018 / 0 Comments

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 […]

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