Author Archive

Blake Bogese

Introduction to Income to Debt Ratio for Richmond, VA Loan Pre-Approvals

For you to be pre-approved to buy a home in Richmond, VA or anywhere in the U.S., your debt-to-income (DTI) ratio must fall within a certain range. This is one of the many requirements home loan borrowers must meet. To get you started, you need to understand the meaning of debt-to-income ratio. Definition: Debt-To-Income Ratio The DTI ratio is simply a measure of a borrower’s monthly debt against their monthly income. The DTI ratio can also be defined as the percentage of a person’s gross monthly income that goes to pay debts.
Blake Bogese
April 17, 2017

How to Have a Smooth and Easy Loan Process

Loans, more so, mortgage loans are notorious for having bottlenecks. The process of getting a mortgage loan is hardly fast and smooth although most lenders market the loans as such. Things usually come up out of the blue and delay or throw the entire process out of control. Nevertheless, you can still take control of the entire mortgage loan application process. Here’s what you need to do to make sure you get your mortgage loan in the fastest and easiest way possible.
Blake Bogese
April 13, 2017

What is a VHDA Down Payment Assistance (DPA) Grant?

What is a VHDA (Virginia Housing Development Authority) Down Payment Assistance (DPA) Grant?   As the name suggests, a VHDA down payment assistance grant is a housing grant issued by the VHDA. The grant helps Virginia residents attain high quality and affordable housing via public-private partnerships with lenders, developers, local governments, community service organizations among other housing stakeholders.
Blake Bogese
March 24, 2017

VA (Veteran Affairs) Home Loan Benefit

What is a VA Home Loan?   A VA Home Loan is a unique type of mortgage loan in the U.S. guaranteed by the United States Department of Veterans Affairs (VA). A VA Home Loan is meant to offer long-term financing to veterans and surviving spouses who wish to purchase homes.
Blake Bogese
March 7, 2017

5 Things Veterans Need to Know When Buying a Home

The home buying process is very challenging when you have little to no information and/or experience. Furthermore, mortgage guidelines are constantly changing and often defy common sense. There are many things you need to know to make the entire process seamless and easy. If you are a veteran looking to buy a home, this article is for you. Below are 5 things veterans need to know when buying a home.
Blake Bogese
March 7, 2017
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