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...
by nocohometeam | Jan 5, 2011 | Buy, Buying Made Easy, Learn
I would like to thank the KCM Crew for these great questions. If you are thinking about purchasing a home right now, you are surely getting a lot of advice. And most of that advice is probably negative. Why buy now with prices still falling? Don’t you realize real...
by nocohometeam | Jan 3, 2011 | Buy, Buying Made Easy, Financing
Today, having good credit is more important than ever. With lending regulations becoming tighter, it is usual for only those with good credit to be able to obtain home loans, auto loans, credit cards, or any other lines of credit they may need. Only those with...
by nocohometeam | Nov 15, 2010 | Buy, Buying Made Easy, Financing, Sell
Have you heard about FHA’s Energy Efficient Mortgage? This program can help you save money on monthly energy bills. How it works – Buyer may finance 100% of the cost of adding energy efficient features to new or existing housing as part of an FHA purchase or...
by nocohometeam | Jul 26, 2010 | Buy, Buying Made Easy, Financing, Sell
There’s a lot of information floating around out there about how loan modifications affect your credit score. Some people say yes it does, and some say not at all. The answer really lies in how the lender decides to report it and also in what type of modification a...
