by nocohometeam | Jul 31, 2013 | Buy, Buying Made Easy, Financing, Learn
What is Fannie Mae? When a home goes through the foreclosure process it is either held by the leinholder (ie a bank or investor) or, when the defaulted loan was backed by Fannie Mae, the leinholder will ‘return’ the home to Fannie Mae in exchange for the...
by nocohometeam | Feb 9, 2013 | Buy, Buying Made Easy, Learn
There are ten items on this list… but the solution to almost all of them is to form a relationship with a REALTOR that is YOUR REALTOR to explain the process and guide you through all ten of these steps and keep you from getting into trouble. 1. Buyers don’t clearly...
by nocohometeam | Jan 13, 2013 | Buy, Buying Made Easy, Learn
If you have read my blog and are now looking for a REALTOR in your area consider asking the following questions when you start interviewing REALTORS to represent you in your next real estate transaction. Q. What does it cost me to hire a REALTOR®? As a Buyer it costs...
by nocohometeam | Feb 1, 2012 | Buying Made Easy, Learn, Meet
As part of our mission to empower our clients, we are always willing to have the tough questions pointed right back at us. Here are the short answers to these five critical questions you should ask when choosing a Realtor to help you Buy your home. Of course,...
by nocohometeam | May 11, 2011 | Buy, Buying Made Easy, Financing
1. Maximum debt-to-income ratio The measure of income adequacy most often used is the sum of the monthly payment on the new mortgage, plus property taxes, homeowners insurance and other debt payments, divided by income. The maximum ranges from 40 percent to 43...
by nocohometeam | Apr 18, 2011 | Buy, Buying Made Easy
1. Maximum debt-to-income ratio The measure of income adequacy most often used is the sum of the monthly payment on the new mortgage, plus property taxes, homeowners insurance and other debt payments, divided by income. The maximum ranges from 40 percent to 43...
