Your ratios will determine the down payment, etc.
Guidelines for refinancing generally differ from purchase loans.
See Refinance Guidelines.
Guidelines for ratio requirements will determine type of loans available
Review how this affects loan amounts
Guidelines for purchases generally differ from refinance loans.
See Purchase Loan Guidelines.
I want to purchase a home but have been hesitant
-or-
I am attempting to purchase but have been experiencing some challenges.
I've got this, having planned and prepared
-and-
I am on my way to homeownership, but need a bit of guidance to make sure I'm on track.
TheMortgageSavvy.com is an informational website, designed, written, owned and operated by Todd Grey, an NMLS (#1594405) licensed Mortgage Loan Officer. Todd Grey represents Equity Smart Home Loans, Inc. NMLS #856170 and CALBRE #01906808. The views and opinions expressed on TheMortgageSavvy.com are those of the authors.