#home-buying

2 articles

One Partner's $2,000/Month in Debt Can Push a Couple's Mortgage DTI Past 60%

We ran two versions of the same combined-income household through the qualifying math, changing only one partner's monthly debt by $2,000 — the back-end DTI moves from 41% (qualifies) to 61% (likely doesn't).

1.5 Mortgage Points Costs $6,750 Upfront — Here's Exactly When It Pays Off

We ran 1.5 points on a $450,000 loan at 6.75% through the calculator — the $6,750 upfront cost breaks even well before 12 years, but turns into a pure loss for a buyer who sells or refinances within 2-3 years.