What Is a Good DSCR for Investment Property Loans?
A good DSCR for investment property is typically 1.25 or higher. A ratio between 1.0 and 1.24 is still workable […]
Mortgage Planning for Business Owners
Mortgage planning for business owners looks different than it does for a W-2 employee. Your income isn’t a fixed number
How Much Cash Do I Need in the Bank to Buy a Home?
How much cash do I need in the bank to buy a home? Three things: your down payment, your closing
What Can Cause a Mortgage Pre-Approval to Be Denied?
What can cause a mortgage pre-approval to be denied? New credit accounts, a credit score drop, a job change, large
What Credit Score Do You Need for a Mortgage, Really?
What credit score do you need for a mortgage? For a conventional loan, generally 620. For FHA, as low as
What Happens After Pre-Approval?
What happens after pre-approval? Your search begins in earnest. But your file isn’t finished yet. Pre-approval gives you a strong,
The Complete Guide to Mortgage Qualification in Texas
e Mortgage qualification in Texas comes down to four factors: your credit, your income, your debt, and your cash reserves.
What Counts as Income for a Mortgage?
What counts as income for a mortgage goes well beyond a W-2 paycheck. Bonus pay, Social Security, rental income, alimony,
Down Payment for First-Time Homebyer: What You Need in Texas
The 20% down payment myth keeps more first-time buyers renting in the DFW area longer than necessary than almost any
How Much Equity Can You Access From Your Texas Home?
Here’s the quick answer: take your home’s appraised value, multiply it by 80%, then subtract what you currently owe on