FINANCIAL GUIDE
Mortgage Must-Knows
Save for a Larger Down Payment
20% down eliminates PMI and secures better interest rates. Even 1% more can save thousands over the loan term.
Know Your Debt-to-Income Ratio
Lenders prefer DTI under 43%. Pay down credit cards and avoid new debt before applying for a mortgage.
Compare Multiple Lenders
Rates and fees vary significantly. Get quotes from at least 3 lenders—it could save you tens of thousands.
Get Pre-Approved Early
Pre-approval shows sellers you're serious and helps you understand exactly how much you can afford.
Lock Your Rate at the Right Time
Rates fluctuate daily. Work with your lender to lock when rates are favorable—typically for 30-60 days.
Consider All Loan Types
FHA, VA, conventional, jumbo—each has benefits. The right choice depends on your situation and goals.