Lenders typically prefer a front-end DTI of 28% or less and a back-end DTI of 36% or less Written By Written by Contributor, Buy Side Daria Uhlig is a contributor to Buy Side and expert on mortgages ...

Blueprint Solutions, a mortgage technology company that offers income verification tools for the industry, announced this week that it is implementing Fannie Mae’s Income Calculator into its two ...

For many buyers, a $500,000 home sits right on the line between aspiration and reality, especially in markets where prices ...

SALT LAKE CITY, Sept. 26, 2023 /PRNewswire/ -- Lender Toolkit™ a leading provider of automated mortgage technology solutions powered by artificial intelligence (AI), announced the launch of Prism™, ...

Fannie Mae announced on Wednesday the availability of a new web-based option for its income calculator tool, which is designed to “help mortgage professionals serve the growing number of mortgage ...

Preparing to buy a home and pay for a mortgage is a big financial leap. Whether you're buying your first home or searching for your dream home, the expenses that go into purchasing a home are high.

To calculate your debt-to-income ratio, add up your monthly debt payments and your gross monthly income and then divide your debt by your gross income. While every lender and product will have ...

When you apply for a mortgage, the proportion of your monthly income that will go to fund the loan is – in most cases – dictated by the lender and the deal. Lenders impose limits on the amount you can ...

If you're planning to retire in the next few years, you might have some trouble qualifying for a mortgage. While lenders can't deny you a mortgage based on your age, they can take your future income ...

Reina Marszalek is a senior mortgage editor at Fox Money who has spent more than 10 years writing and editing content. Fox Money is a personal finance hub featuring content generated by Credible ...