Why Unpaid Student Loans Can Raise Your DTI
March 1, 2018
Question: We went to see a mortgage lender. We were doing great until the conversation turned to student loans. We have $28,000 in remaining student debt but are not paying […]
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Peter G. Miller, author of The Common Sense Mortgage, is a real estate columnist syndicated in newspapers nationwide. Peter has been featured on Oprah, the Today Show, Money Magazine, CNN and more. Follow Peter on Twitter
Articles by Peter Miller
Why is the Total Bill For a Home More Than the Borrowed Amount?
February 12, 2018
Question: We went to see a lender and it was a terrifying experience. The lender says we can afford to borrow $225,000 at 4 percent interest. Our monthly payment will […]
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Why Do Credit Scores Suddenly Decline?
January 19, 2018
Question: Our credit score recently declined so we got free copies of our credit reports but could not find a single incorrect entry. We haven’t gone out and bought a […]
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What do Loan Limit Increases Mean for Me?
January 5, 2018
Question: Mortgage loan limits have increased for 2018. What does that really mean for the real estate market? Answer: There was a time when new mortgage loan limits – the […]
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How Can I Find Out How Local Real Estate Markets Are Doing?
December 15, 2017
Question: Whenever I ask local real estate brokers about the neighborhood market they always tell me it’s great! Sales are booming and prices are rising, they say. While I appreciate […]
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What Are the Pros and Cons of Financing with 20 Percent Down?
December 11, 2017
Question: We are first-time home buyers and would like to finance with 20 percent down. Some of our friends say we should buy with less up front and now we’re […]
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When the Fed Raises Rates Will Mortgage Rates Rise, Too?
November 6, 2017
Question: Many believe the Federal Reserve will raise interest rates in December. Doesn’t that mean we should expect mortgage rates to rise later this year? Answer: The Federal Reserve has […]
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How Much Will I Save Per Year With Bi-Weekly Mortgage Payments?
October 25, 2017
Question: We have been approached by a company that offers a bi-weekly mortgage plan. Our question is very simple: how much will we save on average per year? Answer: This […]
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Whatever Happened To Mortgages With One Percent Down?
September 11, 2017
Question: I’ve been reading about a new bunch of mortgages with one percent down but now my lender says they’re gone. Where did they go? Answer: In the eternal […]
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Should I Refinance My Student Loan With A Mortgage?
August 21, 2017
Question: I graduated from college with a LOT of student debt. In my case, I’ve been able to get good jobs and make solid money because of my education. […]
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