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Jeff cooper

NMLS ID 1115139

760-855-8825 jeffcooper475@gmail.com

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The Essential Pre-Home Search Step

You have been saving to buy a home for a while and you are curious to see what’s out there. A quick internet search turns up a few intriguing properties. You start dreaming of what your life would could be like in those homes. Before you run out and book a real estate agent to show you around, there is one essential step you should take: line up your mortgage funding. While that might seem premature when you’re just in the “looking” phase, getting pre-approved for a mortgage is the best way to start a search. Here’s why you should get pre-approved for a mortgag...

May 15th, 2019 | Purchasing a Home, Preapproval, Pre-qualification, The Essential Pre-Home Search Step

How to Calculate Your Debt-to-Income Ratio

When you are ready to apply for a mortgage loan, your lender will ask you for all sorts of financial information. One of the things lenders do with this data is to calculate your debt-to-income (DTI) ratio. A DTI ratio is one of the most basic methods lenders use to determine how much of a monthly mortgage payment you can afford.  You can calculate this number before talking to a lender so that there will be no surprises about how much you might expect to borrow. First, total all your monthly liabilities – including the potential housing payment - and divide that number by your g...

April 17th, 2019 | Credit, Fixed Rate Mortgages, Conventional Loans, Preapproval, How to Calculate Your Debt-to-Income Ratio