An A-to-Z review of common terms you'll encounter during the home buying process.
Debt-to-Income Ratio -- Also known as debt-to-earnings ratio, this ratio compares how much you make to how much you owe. In other words, it compares your total income (salary and other revenues) to your total debt (credit cards, current loans, etc.).
Mortgage lender......
An A-to-Z review of common terms you'll encounter during the home buying process.
Credit Score -- In previous posts, we talked about credit reports and credit bureaus. Now we round out this particular discussion by defining what exactly a credit score is.
Your credit score is a computer-generated score used by a lender when determining whether o......
