In the mortgage industry, lenders often use a variety of different ratios when they are evaluating applications for mortgage loans. While this is not the only way that lenders evaluate applications, it is a standard part of the process. Ratios tell a lender a lot about a person's financial picture, and here are three important ratios commonly used by lenders when evaluating applications for mortgages. Debt-to-income The debt-to-income (DTI) ratio is a very important ratio to mortgage lenders, as this reveals how much of a person's income is promised away to debt payments.
Are you tired of feeling like you're throwing your money away when you send your rent check in each month? Are you ready to get serious about buying a home? If you're just starting to research what you'll need to do to prepare to buy a home, you're in luck. You'll find a few basic tips listed below to help you get started on your home-buying adventure. Credit, Credit, Credit!
If you're faced with the fact that a loved one is now sitting in jail and being accused of a crime, it can be a stressful situation. Jail is not somewhere anyone wants a close friend or family member to be. The good news is that you may be able to post bail to get your loved one out of this situation, for the time being. It's always best to use a bail bonds service to help you post bail rather than doing it on your own.
If you have been arrested recently, you know the struggle of trying to deal with not only the police, but also the courts. When you attend your first hearing, the judge will issue a court date on which you need to return. If you are issued bail or allowed to leave on your own recognizance, you have a responsibility to return. But what happens if you miss that court date? It's a lot more than an inconvenience.
Are you trying to determine the right type of checking account for you? If so, you may be like many others who like the idea of free checking, and why not? It may not seem right to pay for an account each month from one bank when others are offering you the same thing for no charge. Here is more information that explains free checking accounts and why you might want to give them your business.