Real Estate Investing Terms: DTI

First off, what is Debt-to-Income? The Debt-to-Income ratio is one used by lending institutions when underwriting your loan (for almost anything - car loan, mortgage, HELOC, etc). DTI is a calculation they use to  measure the risk on which you'll be able to pay back the loan you're seeking. The lower your DTI, the less … Continue reading Real Estate Investing Terms: DTI

How To Prepare for a Residential Loan Application for REI (spreadsheet)

I'm eventually going to find the right lending partner(s) to have a long lasting relationship with and as we focus on our next acquisition, I selfishly wanted to create this punch list for my own future reference. ____________________________________________________________ In recent posts I've expressed my horrible experiences with a couple of unorganized lending institutions. As we … Continue reading How To Prepare for a Residential Loan Application for REI (spreadsheet)

AH BANKS! Pardon My French – Part 2

Given that it has been 2+ years since we went through the process of purchasing our primary residence (and the Pensacola real estate market seems to be recovering), I was optimistically hopeful dealing with banks wouldn't be as painful this time around...boy was I wrong! ____________________________________________________________ In AH BANKS! Pardon My French - Part 1 … Continue reading AH BANKS! Pardon My French – Part 2

AH BANKS! Pardon My French – Part 1

If this is the new norm, then our buy & hold strategy is going to be a gold mine. Even with continued lower rates, banks and lending institutions are continuing to make it it more difficult to do business with them. _________________________________________________ In the past 3 years we've used two different lending institutions - one … Continue reading AH BANKS! Pardon My French – Part 1