Discount Points and Origination Points – A Pointed Discussion

In the real estate world, there’s a lot of talk about discount points and origination points.  Though both a part of closing a real estate loan, their functions are different.  So let’s discuss these pesky customers. Where to start with points?  There are two definitions: (1) the underlying mathemat

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What is DTI & Why do I Care?

The first step in buying a house is to get pre-qualified for a mortgage.  Without this, the process won't go far - few agents will work with you until you've been pre-qualified and few sellers will accept your offers if you’re not pre-qualified.  For your own sake, pre-qualification also lets you k

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Robert's 10 Commandments for Home Buyers

I THOU SHALT NOT CHANGE YOUR JOB, QUIT YOUR JOB, OR BECOME SELF-EMPLOYED. II THOU SHALT NOT BUY A CAR, TRUCK, OR VAN (OR YOU MAY BE LIVING IN IT!). III THOU SHALT NOT USE CREDIT CARDS EXCESSIVELY OR LET CURRENT ACCOUNTS FALL BEHIND. IV THOU SHALT NOT SPEND MONEY THAT YOU HAVE SET ASIDE FOR HOUSE. V

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