Episode 12: Debt to Income Ratio

This is the maybe the most crucial measurement in determining whether or not someone qualifies. This compares your income to the monthly payments you have to make.

To apply, text ‘Apply’ to (703)508-4783

Learn Mortgage in an Hour with my First 45 Episodes (written out below)

My name is Ben Casper and I’ve put together a short educational experience for you to fully understand how to navigate the mortgage process in only an hour or less. As a mortgage loan officer, these are the things I would want to know if I didn’t know anything myself. So please, be my guest, and empower yourself with the critical required information needed to make the best possible choices for you, your family, and your finances that will affect you for decades to come.

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***GUIDING YOUR MORTGAGE EPISODE LIST***

Intro = Welcome to Guiding Your Mortgage

PART 1 = Qualifying & Applying

Episode 1 = How to Qualify
E2 = How and When do I Apply
E3 = The Prequalification Letter
E4 = The Credit Pull
E5 = Fannie Mae & Freddie Mac
E6 = Identity Requirements
E7 = Minimum Down Payments
E8 = Myth of 20% Down
E9 = Mortgage Insurance
E10 = Acceptable Down Payment Sources
E11 = Gift Rules
E12 = Debt to Income Ratio
E13 = Qualifying Income Types
E14 = New Jobs and Job Gaps
E15 = How Credit Is Calculated
E16 = How Much Credit History is Required
E17 = The Two Credit Scores
E18 = Putting Mom on the Loan – Co-Signers

PART 2 = Buying Your Home

E19 = Where the Interest Goes
E20 = Closing Costs
E21 = Closing Costs to Buy vs. Sell
E22 = Escrow Accounts
E23 = Needed Documents
E24 = Underwriting and the Housing Crash Impacts
E25 = Seasonality
E26 = Making Offers
E27 = Strong Offers
E28 = What Are Contingencies
E29 = Contract Day to Closing Day Timeline
E30 = Locking the Rate
E31 = Appraisal Results
E32 = Appraisal Waivers
E33 = Who Does My Appraisal
E34 = Closing Day Money Exchange

PART 3 = Post-Closing & Finances

E35 = After Closing Day
E36 = Payment Plans
E37 = Paying Extra Each Month
E38 = Recasting – Trading Cash for Cashflow
E39 = Customizing Your Rate with Points & ARMs
E40 = How Long do People Stay in a Mortgage
E41 = 3 Net Worth Levers
E42 = Tax Deductibility
E43 = How Never Paying Off a Mortgage Could Work Well
E44 = Why & How Can I Refinance Later
E45 = Advantages of Being a Landlord

PART 4 (Optional) = Main Non-Conventional Loan Types

E46 = Veterans Administration (VA) Loans
E47 = FHA Loans
E48 = Jumbo Loans

BONUS EPISODES

To be added weekly