Breaking Down Your Mortgage Payments
Four things make up your mortgage payments. Often known as the PITI: Principal, Interest, Taxes and Insurance
If You're Rejected for a Mortgage
If you’re application is rejected, don’t panic. There are many reasons you get rejected for a conforming mortgage: Debt-to-income (DTI) ratio is too high, Loan-to-Value (LTV) ratio is too high, credit Score too low, missing or incorrect documents and bankruptcy.