Tag: down payment assistance
-
Looking for a Path to Homeownership? Look Again at Down Payment Assistance.
The typical person can’t afford the typical home. As property values keep rising, down payments aren’t getting any easier to make. If you know the feeling, have you looked up down payment assistance? It can be a grant, with no repayment requirement. Or it could be a loan — possibly a forgivable loan. Even if…
-
Looking for a Way to Finally Own Your Home? Ohio Wants to Help.
Could your new home be in Cleveland? Cincinnati? Columbus or Dayton? You name it. If you’d love to hold the deed to an Ohio home, and wonder how on Earth you could pull it off, learn about the help currently available from the state. These opportunities help people with their down payments or closing costs,…
-
All About DTI: How Much Debt Is Too Much If I Want to Buy a Home?
Receiving the deed to a home is a major milestone. Typically, it depends on an earlier milestone: the mortgage approval. Apply for a mortgage, and lenders will consider your debt-to-income ratio (DTI). Why the DTI? Essentially, the lender wants to know how much of your earnings you spend, using credit. A low DTI suggests that…
