The "D's" of Real Estate in Denver and Parker Colorado

DEBT-TO-INCOME RATIO:  All your monthly debt payments divided by your gross monthly income.  This ratio is one way lenders measure your ability to manage the monthly payments to repay the money you plan to borrow.

DEED OF TRUST (OR TRUST DEED):  When you take out a loan to buy a property, depending on where you live, you'll probably sign a mortgage or a deed of trust.  A deed of trust transfers the legal title of a property to a third party (bank, escrow company, title company) to hold until you as a borrower can repay the debt to the lender.

DOWN PAYMENT ASSISTANCE:  Assistance from a local or state housing authority, a nonprofit or a lender to help a buyer with their down payment on a mortgage loan.

DUE DILIGENCE:  Doing your homework before buying real estate.  It refers to a buyers investigation of the various aspects of a property, either before making an offer or (more often) within a specific time frame between entering into the contract and closing.