Search results for “DTI Factors”


How Your Mortgage Rate is Calculated (and What You Can Do About It)
January 17, 2021

How Your Mortgage Rate is Calculated (and What You Can Do About It)

Why Mortgage Rates Matter If you’re like most homebuyers, there are three mortgage factors that probably concern you most: the closing costs, the monthly payment, and the rate. The lower your mortgage...


Buying a Home With Student Loan Debt in 2022
January 31, 2022

Buying a Home With Student Loan Debt in 2022

How Do Student Loans Impact Your Finances? Your credit score is one of several factors that lenders look at when evaluating your financial profile for a mortgage. It is determined by how much debt you...


Mortgage Loan Types, Credit Score, and more: 5 Tips to Get the Best Mortgage Rate
November 26, 2021

Mortgage Loan Types, Credit Score, and more: 5 Tips to Get the Best Mortgage Rate

Consider a Fixed-Rate Mortgage Fixed-rate mortgages are the most common loan option among borrowers. The rate stays the same throughout the life of the loan, meaning the monthly mortgage payment does...


How Does Mortgage Interest Work?
February 18, 2022

How Does Mortgage Interest Work?

Here is How Your Mortgage Is Calculated Amortization Mortgages are repaid with amortization. This is an established installment loan repayment schedule that includes your overall monthly payment and ...


How to Buy a House in 2022
March 22, 2022

How to Buy a House in 2022

Step 1: Determine If You’re Ready to Buy a House Are you excited about buying your new home? Know that preparation is a huge step that can save you a lot of time along the way. Rounded up below are ti...


VA Loan Refinance Guidelines
October 21, 2021

VA Loan Refinance Guidelines

Can You Refinance a VA Loan? Yes. VA-backed loan products are available for refinancing. These loans can offer quicker turnarounds because they are not dependent on the open appraisal market. They are...


Mortgage 101: A Beginner’s Guide to Mortgages
January 28, 2022

Mortgage 101: A Beginner’s Guide to Mortgages

A mortgage can seem complicated, but Newrez is here to help you feel confident in the mortgage process from start to finish. Check out some of the most common mortgage questions below so you’ll be rea...


What is a VA Jumbo Loan?
November 15, 2021

What is a VA Jumbo Loan?

Requirements for a VA Jumbo Loan VA jumbo loans require standard property and appraisal requirements. Additionally, the home must be a primary residence and it must pass basic inspections including fo...


Buying a House: Learn About What Goes Into Mortgage Payments
September 1, 2021

Buying a House: Learn About What Goes Into Mortgage Payments

Here’s How to Calculate Your Mortgage Payment While there are many costs associated with owning a home, let’s start with what exactly makes up a large portion of the cost – your mortgage payment. A...