18 Jul 2025
By Aadil Nathoo

Could You Save Money by Refinancing Right Now?

Financial Reports, ,
Understanding the Real BenefitsThe most common reason to refinance is to lower your monthly payment by getting a better interest rate. But refinancing can also help you pay off your loan faster, switch from an adjustable to a fixed rate, or tap into your home equity for important expenses. If your credit score has improved, or if your home has gained value, you may qualify for better loan terms now than when you originally purchased. Lower Monthly Payments or Faster PayoffEven a small drop in your interest rate can make a big difference over the life of your loan. For…
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17 Jul 2025
By Aadil Nathoo

The One Number More Important Than Your Credit Score for Mortgage Approval

Financial Reports, ,
When it comes to getting approved for a mortgage, most people immediately think of their credit score. While it is definitely important, there is another number that can play an even bigger role in your approval, our debt-to-income ratio. Also known as DTI, this number gives lenders a clearer picture of your ability to manage monthly payments and overall debt. What Is Debt-to-Income RatioYour debt-to-income ratio is the percentage of your monthly gross income that goes toward paying debts. This includes things like credit cards, car loans, student loans, and the projected mortgage payment. It does not include groceries, utilities,…
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16 Jul 2025
By Aadil Nathoo

How to Talk to Your Parents About Co-Signing a Mortgage

Financial Reports, ,
Asking your parents to co-sign a mortgage can be one of the most vulnerable conversations you will ever have. It is not just about paperwork and finances, it is about trust, timing, and long-term commitment. Whether you are a first-time buyer or trying to qualify for better loan terms, a co-signer can make a big difference, but only if everyone involved is fully informed and comfortable. Understand What Co-Signing Really MeansBefore bringing it up, make sure you understand what co-signing a mortgage involves. A co-signer is not just offering moral support, they are legally agreeing to repay the loan if…
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13 Jun 2025
By Aadil Nathoo

Creative Strategies for Saving on Closing Costs

Mortgage Tips, ,
When you are budgeting for a new home, it’s easy to focus on the down payment, but do not forget the closing costs. These fees typically range from 2% to 5% of the home’s purchase price and cover things like the appraisal, title search, loan origination, and other administrative expenses. For many buyers, especially first-timers, they can feel like an unwelcome surprise. The good news? There are creative, effective ways to reduce these expenses and make homeownership more affordable. 1. Negotiate With the Seller In a buyer-friendly market, you may be able to negotiate for the seller to cover part…
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11 Jun 2025
By Aadil Nathoo

Are Interest-Only Mortgages A Smart Strategy or Risky Business?

Mortgage Tips, ,
When exploring home financing options, many borrowers are intrigued by interest-only mortgages. These loans offer the benefit of lower initial monthly payments, which can seem attractive, especially in high-cost areas or when cash flow is tight. But how exactly do they work, and are they the right fit for your financial goals? What Is an Interest-Only Mortgage?An interest-only mortgage allows you to pay just the interest on your loan for a set period, typically 5 to 10 years. During this time, your payments do not reduce the loan’s principal balance. Once that period ends, you begin paying both principal and…
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