Debt-to-income ratio FHA loan Inspection contingency Principal 
HomeLight
JANUARY 27, 2021
Your mortgage payment is more than just the cost of the principal and interest on your loan. to 1% of the loan amount annually. Make sure you budget for the entirety of your monthly mortgage payment, not just your principal and interest! Know your loan types. Conventional loan. This can spell trouble.
Redfin
FEBRUARY 10, 2021
PMI is an added insurance charged by mortgage lenders to protect themselves in case you default on your loan payments. Money that is not going against the principal of your mortgage. Have a Healthy Debt-to-Income Ratio (DTI). Another key component banks consider when issuing loans, is your debt-to-income ratio.
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