Posts from May 5th, 2020
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Homeowners' Insurance
From the Community Mortgage Blog
What are the basic building blocks of a pre-approval?
- Credit Score
- Job Status/History
- Debt to Income Ratio
- Current Assets
Debt to Income is one of those components that is ever-changing depending on debts paid off, new credit lines, property tax rates, and... Homeowner's Insurance... YES, you read that correctly.
So why Homeowner's Insurance counted? It is one of those payments homeowners are required to pay at a certain frequen...