Can I Afford That Havasu Home? Have you gotten tired of renting a home? Instead of sending off a check each month to pay someone else’s mortgage, why not buy a Lake Havasu home of your very own? Home prices have become much more affordable and interest rates are low (4.43% for a 30 year […]
Top Four Reasons to Buy a Lake Havasu Home
Top Four Reasons to Buy a Lake Havasu Home Are you currently renting your Lake Havasu home? Wouldn’t you rather own it instead? There are multiple benefits to becoming a Lake Havasu homeowner. Here are the top four reasons to buy a Lake Havasu home now. Financial Security – According to the Western Arizona REALTOR® […]
Calculating Your Debt-to-Income Ratio
Lenders look at more than your credit score and downpayment when deciding whether to approve you for your Lake Havasu City home. They also need to calculate your debt-to-income (DTI) ratio. While some lenders have allowed a DTI as high as 52%, the general rule of thumb is to keep the DTI at 45% or […]