An important home buying hurdle you’ll need to over is the relationship between the proposed new housing payment and current liabilities against your monthly pre-tax income. The payment to income ratio on debts, including other debt houses you own, play a vital role for the mortgage broker determining how much house you can bite off. […]
Everywhere you look, people are saying that housing is recovering. But exactly what is a housing recovery? Think about it… does a housing recovery mean a return to peak bubble home prices? Or peak number of existing home sales? Or peak new home sales? Or contribution to GDP? Does it even mean a return to […]
Today’s Existing Home Sales report from the National Association of Realtors came in below expectations with sales falling roughly 1% from November to December. Most analysts are calling this a disappointing report, but Calculated Risk’s Bill McBride disagrees. Me? I think everyone is wrong. Total existing-home sales, which are completed transactions that include single-family homes, […]
Ever been enticed by via low mortgage rate only to find out you don’t measure up to the credit standards of that particular lender? Unfortunately it happens every day. The good news only 40% of people cannot qualify, that means there is 60% of the people who can. Nevertheless, following are common way your loan […]
If too much debt is the problem, then more debt probably isn’t the solution, regardless of how low the interest rates are Mr. Bernanke. Joe Weisenthal shares: This chart of household debt to income shows how high we are on a historical basis (even though it’s come down a bit) and how much deleveraging there […]
Accomplishment? What are you smoking? http://market-ticker.org/akcs-www?post=194257
The cost of a college education has increased exponentially over the last 30 years thanks to easy college loans, increased grants, and the housing bubble.