Team Caldwell Mtg

01/15/2023

Schools may need to rethink everything, including recruitment, scholarships, standardized testing and alumni preferences.

01/09/2023

Real estate experts are anticipating a major slowdown in the housing market in 2023. Already in central North Carolina, homes for sale are staying on the market for longer than in previous months.

11/18/2022

Homes are still being sold… Wouldn’t YOU like to have somewhere NEW to call home for the holidays? I would love to help!

11/01/2022

NOVEMBER 2 | If you owe a lot of student debt there is no way you can get mortgage



False, you may still qualify!

You don’t need to be 100% debt-free to buy a home or qualify for a mortgage. There are certain things that lenders will look at though, one of the most important being your current debt and how it compares to your income.

When calculating your debt-to-income ratio based on your recurring monthly payments, your student loans will be included as part of your monthly expenses, however, you only need to include your minimum required monthly payment.

Lenders like to see a debt-to-income ratio of 50% or less, so if your student loans or other monthly expenses are contributing too much, focus on paying them down before you consider buying a home. If you’re still set on buying a home, there are other steps you can take to improve your chances of qualifying for a mortgage.

✔️ Consider loan types other than a conventional loan if your DTI ratio is too high
✔️Pay off another debt to eliminate recurring expenses and free up cash flow
✔️ Increase your income with a side hustle to help lower your DTI ratio

Have questions? Let’s chat!

11/01/2022

November is the last month of Autumn, but the beginning of a new adventure. Time to take risks and do the unexpected. Remember, never let the things you want make you forget the things you have!

10/18/2022

10/14/2022

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10/12/2022

Despite gloomy headlines, the real estate market is stronger than it was a decade ago and shows continued resiliency.

10/11/2022

10/11/2022

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