Category: Kansas best payday loans

That’s right – a physician mortgage loan only counts the total monthly payment you make through an Income-Driven Repayment Plan (IDR) as part of your total DTI. So, if your monthly payment toward your loans is relatively low due to a lower starting salary when you apply for your mortgage, your total DTI will be significantly lower than if you were to use your full loan value as part of your calculation.

Loan Limits

Through conventional mortgages, the most you can borrow for a conforming loan is between $548,250 in most areas and $822,375 in high-cost areas. Physician mortgages don’t have this same borrowing cap, which can provide more flexibility for physicians and their families. Continue reading “What are the Drawbacks of a Physician Mortgage?”

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Obtaining your first credit card is an exciting moment. Once you have the card, you can enjoy the convenience of charging purchases while building a responsible credit history and working toward a higher credit score. However, there are a number of important steps to take before payday loans Kansas applying for your first card. Lots of credit cards are on the market, so you’ll want to find the right one for you. You should also be ready to manage your card responsibly.

Technically, you can charge up to the amount of your card’s credit line, also called credit limit, but that doesn’t mean you should; experts generally recommend using less than 30% of your credit limit. Continue reading “What You Should Know Before Getting Your First Credit Card”