Bob Ramalho

Berkshire Hathaway - Verani Realty

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Bob Ramalho January 24, 2024

How Do Mortgage Lenders Decide How Much You Can Borrow?

When you visit your lender to get a mortgage for your home, they will tell you the maximum amount that you are allowed to borrow. But how do they reach this total and what factors do they take into consideration? How do they determine that one borrower can take on a bigger mortgage than the next? This decision is made by mortgage companies by considering a wide range of factors, including your credit information, your salary, and much more. Here Are Some Of The Common Ways That Lenders Determine … [Read more...]

Filed Under: Home Mortgage Tips Tagged With: Debt To Income Ratio, Mortgage Lenders, Percentage Of Gross Monthly Income

Bob Ramalho January 23, 2024

The Crucial Role of Real Estate in Retirement Planning

Retirement is a significant milestone in one's life, symbolizing the culmination of years of hard work and dedication. As individuals approach this stage, meticulous planning becomes imperative to ensure a comfortable and financially secure future. Among the plethora of retirement planning options, real estate emerges as a challenging player, offering unique advantages that can enhance the overall strategy. Let’s discuss the pivotal role that real estate plays in retirement planning and … [Read more...]

Filed Under: Personal Finance Tagged With: Planning, Real Estate, Retirement

Bob Ramalho January 22, 2024

What’s Ahead For Mortgage Rates This Week – January 22nd, 2024

The following week of CPI and PPI reports are typically lighter, with this week showing the same trend. There are a number of interesting interim reports that are worth noting however, including the Federal Reserve’s Beige Book which indicates the labor market has been cooling across most of the country. Following up is the Consumer Sentiment Reports, which is an excellent indicator for how the average consumer feels about their buying power, reflecting on the current economic conditions. … [Read more...]

Filed Under: Financial Reports Tagged With: Financial Report, Jobless Claims, Mortgage Rates

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