Avenue Mortgage, LLC

NMLS #1115220

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Avenue Mortgage, LLC

Get in touch today! (903) 561-7060

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What Percentage of Your Income Should Go Toward a Mortgage?

April 29, 2025 by Kay Monigold

When buying a home, one of the most critical financial decisions is determining how much of your income should go toward your mortgage. Striking the right balance ensures that you can comfortably afford your home without stretching your budget too thin. Lenders use various guidelines to help buyers determine affordability, but personal financial goals and lifestyle should also factor into the decision.

Filed Under: Mortgage Tips Tagged With: DTI, Mortgage Payments, Mortgages

What’s Ahead For Mortgage Rates This Week – April 28th, 2025

April 28, 2025 by Kay Monigold

While many useful indicators are set to be released this week, the previous week left us only with the Leading Economic Indicators, which showed signs of the economy slowing down in the future. Consumer Sentiment reports also indicated widespread dissatisfaction across all levels of income and education, largely due to the impacts of recent tariff decisions, which have been on hold.

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

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Our Team

Kay MonigoldKay Monigold
Owner/Mortgage Broker/Residential Mortgage Loan Originator
NMLS#1086176

Steven LoweSteven P Lowe, Sr
Residential Mortgage Loan Originator
NMLS #1085638

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We are committed to ensuring that its website is accessible to people with disabilities. All the pages on our website will meet W3C WAI’s Web Content Accessibility Guidelines 2.0, Level A conformance. Website Accessibility Policy

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100 Independence Place, Ste. 308
Tyler, TX 75703
nmlsconsumeraccess.org

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