Top 5 Strategies to Get a Fair Price On Your Auto Repairs
Whether you get into an accident or put your vehicle […]
The Most Important Financial Ratios and What They Reveal
There are so many financial ratios, it’s challenging to know […]
Become a 401(k) Millionaire by Avoiding These Mistakes
It’s quite easy to become a 401(k) millionaire if you […]
Michael Lubin our featured employee of the month.
Meet Michael Lubin, one of our KDA top accountants. He […]
9 Ways to Save On Car Insurance
You are legally required to carry insurance for your […]
6 Expenses That Require a Rainy-Day Fund
Saving money isn’t always exciting, but a rainy-day fund is […]
8 Tips for Getting Approved for a Mortgage
It’s not as easy as it once was to get a home loan. Government regulations due to the recent housing crisis are the primary culprit. The requirements are more stringent than they were 10 years ago. Debt-to-income ratio requirements are much tougher than in the past. It’s more challenging to get a mortgage, but not impossible. Make your mortgage application more likely to be accepted: Have a down payment. The less money you need to borrow, the better your odds of being approved. The larger your down payment, as a percentage of the sales price, the more comfortable the bank will feel. Banks would much rather loan 70% of the value of the home than 95%. If your income or credit are less than impressive, a larger down payment can make a huge difference.