The Real Deal Miami

Corcoran offers mortgage tips

April 07, 2010 11:35AM

Securing financing for a new home is a difficult task, but with mortgage rates remaining historically low, Barbara Corcoran, founder of the Corcoran Group, believes it’s not the time for homeowners to sit on the sidelines. Corcoran told the “Today” show that the government’s backing out of the mortgage market will “shoot rates up” soon and buyers should act now. Among Corcoran’s tips for securing a mortgage are rock solid credit scores, and a reasonable debt-to-income ratio — between 30 and 45 percent, she said.