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 | 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 | Nov 12, 2010 | Buy, Financing
More than perhaps any other investor, John Paulson has been lauded for his foresight in predicting a quick and painful end to this decade’s mortgage boom. And the hedge fund manager has been rewarded handsomely for his big bets. He was fourth on the 2009 annual...
by nocohometeam | May 5, 2010 | Buy, Buying Made Easy, Financing, Learn
The new law protecting people from lead based paint has gone into effect and has caused a lot of headache for many people. While this law will likely increase the cost of remodeling for home owners and contractors, it has been made to protect people, especially...
by nocohometeam | Apr 23, 2010 | Sell
The HAFA guidelines have been revised. Please note important revisions to the HAFA program which take effect April 5th. Below is an outline of all pertinent changes to the HAFA program: Program started April 5th The borrower relocation fee has been increased from...
