Getting turned down for a mortgage can be discouraging, but it doesn’t mean the dream of homeownership is over. In fact, understanding why your application was declined is the first step toward making a stronger comeback. Let’s look at some of the most common reasons a mortgage might be denied and what you can do about it. 1. Loan-to-Value (LTV) RatioYour loan-to-value ratio is the percentage of the property’s appraised value that you want to borrow. For instance, if … [Read more...]
Pet-Friendly Mortgages And How Owning Pets Could Affect Your Loan Choices
We love our pets, they are part of the family. But did you know that your furry (or feathered) friend could play a surprising role in your homebuying journey? While your dog probably will not impact your credit score, being a pet owner can influence where and how you buy a home, and even the type of loan you choose.As a mortgage originator, I have worked with many clients who did not realize their pets could affect everything from HOA rules to homeowners’ insurance policies. Here is what … [Read more...]
What Your Coffee Habit Can Teach You About Paying Off Your Mortgage Faster
As your mortgage advisor, I am not here to tell you to give up your favorite coffee, but I am here to show you how something as simple as your daily coffee run can reveal some powerful lessons about how to pay off your mortgage faster. The Cost of Coffee and the Opportunity It HidesLet’s say you spend $5 a day on coffee, five days a week. That is $25 a week, about $100 a month, and $1,200 a year. Over 10 years? That adds up to $12,000.Now imagine if you took just a portion of that and … [Read more...]
What’s Ahead For Mortgage Rates This Week – May 19th, 2025
The latest inflation data has been released, offering insight into the near-term impact of the recent tariff measures. The results indicate that despite deflationary pressure on the economy, inflation continues to trend upward with the recent, ongoing tariff wars. While the tariffs have been temporarily suspended, their effects are already being felt—consumers are experiencing price increases, and retailers have already been positioning themselves to increase prices due to the impacts of … [Read more...]
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