by Mortgage Broker | Nov 19, 2025 | Uncategorized
Key Takeaways: Common reasons for rejection Most mortgage denials happen because of credit history issues or a high debt-to-income ratio. Lenders review your finances closely to ensure you have enough income to cover the new loan and your current debts. You have a...
by Mortgage Broker | Nov 12, 2025 | Uncategorized
Key Takeaways: Raising your credit limit is an effective way to lower your credit utilization ratio, which can boost your credit score and help you qualify for better mortgage terms. Lenders are more likely to approve your request if you have a history of on-time...
by Mortgage Broker | Nov 5, 2025 | Uncategorized
Key Takeaways: A cash-out refinance replaces your existing mortgage with a new, bigger loan, but a home equity loan adds a second separate payment so you can keep your current interest rate. You might prefer a cash-out refinance if you need a large lump sum of money...
by Mortgage Broker | Oct 30, 2025 | Uncategorized
Key Takeaways: Refinancing replaces your current mortgage with a new loan that has different terms to help you lower your monthly payment or pay off your house faster. It is usually a good idea to refinance if interest rates have dropped by at least one percent or if...
by Mortgage Broker | Oct 30, 2025 | Uncategorized
Key Takeaways: Your debt-to-income ratio is a percentage that tells lenders how much of your monthly earnings goes toward paying off debt, and most banks want to see this number below 36 percent. You can lower your ratio quickly by paying off credit cards with high...
by Mortgage Broker | Oct 29, 2025 | Uncategorized
Key Takeaways: Get preapproved before you start shopping to confirm your true budget and show sellers you are ready to buy. Compare options from multiple lenders to find the best interest rate instead of settling for the first offer you receive. Avoid making large...
