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Found 3 entries for August, 2019.

Buying a Home? What You Should Know About Debt-to-Income Ratio
Buying a Home? What You Should Know About Debt-to-Income Ratio
If you have a lot of debt, you could have a hard time paying your bills. This is why mortgage lenders pay attention to debt-to-income ratio. Understanding what the debt-to-income ratio is and how it affects your ability to get a mortgage can help you prepare for the mortgage application process.

By checking your debt-to-income ratio before applying for a mortgage, you may be able to identify potential problems and resolve them prior to filling out a mortgage application. If you're thinking about buying a home soon, find out what your DTI is. If your DTI is too high, you would be best off lowering it. Here's what you need to know about DTI and how it affects you.

For informational purposes only. Always consult with a licensed mortgage professional

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Are You Ready for a Home Addition?Adding onto an existing home often serves as a viable investment in the property. Making a space larger can increase its value. It also makes it easier for homeowners to enjoy the space and possibly sell the home faster and for more money. However, building a home addition can also be a complicated and expensive endeavour. With this information, homeowners will have a better understanding of what they need to make a practical decision about home additions.

1. Return on Investment

Property owners may want to start by thinking about the resale value of the addition, particularly if they do not intend to remain in the home for many years. Many home improvements offer flexibility in the amount that homeowners have to pay. Home additions tend to cost

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What to Know About Building a Deck Before SellingBefore selling their home, homeowners often look for small ways to boost their home's value and make their property more appealing to buyers. One of the most popular ways to do this is by installing a deck. Many home buyers love spending time outside and entertaining in their back yard, and a deck can make that possible. If you're a homeowner looking for a high ROI project that can help your home sell for more money, here's what you need to know.

What Is the ROI of Deck Installation

The ROI of a deck installation varies between 70 and 80 percent, depending on the materials used to build the deck, how big the deck is, how much the deck installation cost and other factors. Homeowners who want to make as much money as possible can increase ROI by

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