April 25th, 2018

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As the competition over available homes increases, more and more borrowers are stretching their budgets to the limit to secure a home, meaning higher DTIs, less money in reserves, and less equity due to low down payments. (Source: CNBC)

Tip: It is our job to guide new home buyers to making healthy financial decisions when buying a home through detailed budgeting by thorough credit scrubs, DTI/LTV education, using net income instead of gross income, and and discussing both short and long-term goals.