Columbia Mortgage


Debt-to-Income Ratio “Debt-to-income ratio”, or “DTI ratio” as it’s known in the industry, is the way a bank or lender determines what you can afford in the way of a mortgage. By dividing all of your monthly liabilities by your gross monthly income, they come up with a percentage. This figure is known as your DTI, and […]



Refinancing Your Current Home Talk to a Mortgage Consultant to see if this is the right time to refinance. Right now, interest rates are at historic lows.  If you have a mortgage, you may be considering whether or not you want to refinance.  Ask yourself: How long do you plan to live in your home? If it’s less […]



Qualifying There are many loan programs available to help you qualify. Are you concerned about qualifying for the amount needed to purchase the home that will fit your needs best? Or, is your estimated monthly mortgage amount higher than you expected? Here are a few options to consider during the qualification process: Choose an ARM, which should […]



Loan Programs Fixed Rate Mortgages Adjustable Rate Mortgages (Arm) Standard Arm’s and the differences FHA Loans Reverse Mortgages London Inter Bank Offered Rate (LIBOR) Balloon Mortgages Interest Rate Buydowns



Loan Process Overview Application, Process, and Closing What happens when you apply, through processing and closing on your loan? Applying for your loan is the first step in the mortgage financing process.  This starts with completing a mortgage loan application.  You can provide this information to your Mortgage Consultant in a variety of ways: in person, by […]



Choosing a Mortgage Let us help you find the best loan program for your life situation! Which program is right for you? We can tailor a mortgage program to fit your specific needs.  Columbia Mortgage knows that financing can be a hectic part of the home buying experience. Our mortgage consultants make it their priority to guide you […]



Choosing a Mortgage Let us help you find the best loan program for your life situation! Which program is right for you? We can tailor a mortgage program to fit your specific needs.  Columbia Mortgage knows that financing can be a hectic part of the home buying experience. Our mortgage consultants make it their priority to guide you […]



Everything you need to know to get your home financing Before you start to look for a new home, it is important to know your borrowering power.  For a free, no-obligation consultation, contact one of our Quality Service Certified Mortgage Consultants. Find a Mortgage Consultant Advantages of pre-approval The right program for you Tips to easy qualifications […]