Income to Mortgage Ratio: What Should Yours Be?

These questions are often asked by first-time homebuyers: What percentage of my monthly income can I afford to spend on mortgage payments? Does this percentage include property taxes, private mortgage insurance (PMI), or homeowners insurance? Today I will answer these questions to make your home buying a little easier. Consider Your Total Housing Payment, Not […]

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What is a good credit utilization ratio?

The credit utilization ratio is the balance on your credit card in relation to that card’s line of credit—or, if you have more than one credit card, the total of your combined balances in relation to your total credit limit across all your credit cards. It is expressed as a percentage and is considered the […]

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