Debt-to-income Ratio – Encinitas Realtor

Should Credit Card Bills be paid before Buying a Home in Encinitas?

Real Estate Tips
cash reserves, credit card debt, debt-to-income ratio, encinitas real estate, Federal Housing Administration, FHA Loan, FHA mortgage insurance, homes in encintas, Linda Moore, median price in San Diego County
February 27, 2014

Paying off your credit card may not be the best idea when you’re getting your finances together to buy a home in Encinitas. When you’re applying for a home loan, it actually can be detrimental in securing the loan by reducing debt or cancelling a credit card. When you decrease the credit, it could affect your credit score, your cash …

View Post

The Five Most Ill-Advised Things to do Prior to Buying a Home

Real Estate Tips
buying a home in carlsbad, debt-to-income ratio, Linda Moore, mortgage lenders, mortgage preapproval, mortgage rates, real estate in carlsbad
January 29, 2014

There are many things that people do blindly, when they’ve found that they are extremely interested in purchasing real estate in Carlsbad. Just because you are preapproved for a mortgage and/or under contract, it doesn’t mean that it is in stone that you will receive a loan for your prospective dream house. More hoops will have to be jumped through …

View Post