Alternative Mortgage Financing
How many of you out there have sold your home about 2 or 3 years ago for huge profits waiting to buy in again as the market corrects? If this is you, read on as this can be some helpful information...
View ArticleBlacklisting Hits Homesellers
In the nation’s worst-hit real-estate markets, home sellers are suffering a new blow: They are being blacklisted by lenders. As property values decline and credit markets contract, home lenders...
View ArticleAnother Sign Lenders are Tightening Standards
Government sponsored provider of home loans, Fannie Mae, has just tightened the standards for home mortgages it guarantees or buys. Fannie Mae has informed lenders that it will require a minimum...
View ArticleHow Much Home Can I Afford? Calculating Debt to Income Ratios
When calculating how much home you can afford to buy, lenders use debt to income ratios (DTI) to determine how much you can safely borrow. There are two ratios used; front and back end ratios. The...
View Article
