When figuring out my debt to income ratio and how much payment I could afford, my lender said that they would have to divide my income by 2 then substract my monthly expenses to calculate mortgage payment. Is this true? I don’t remember this when I got a mortgage 2 years ago.
Nov 302011
Nov 302011
I am purchasing a new home. We are going through our credit union with a locked in 6.375% rate. Rates are now 5.75%. We are thinking of trying to switch to a mortgage broker so that we can get out of the locked rate and get the 5.75%. Can this be done? Closing is Sept [...]
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