I just read this very interesting article about how the new rules regarding home appraisals are having some unintended negative consequences. I know this to be true because I just went through a similar situation with one of my clients. The appraisal for the home she was buying came in much lower than expected and…
Tag Archive: mortgage qualifications
Why I’m Mad at the New York Times and their view of the Mortgage World…..
Mortgage companies are making it difficult for people to buy homes.
Mortgage Lenders Are Crazy!!!
If you think that banks and mortgage lenders are rational business people, think again.
Debt To Income Ratios
Your debt to income ratio is simply a measurement to determine how much of a mortgage you can afford. The number is arrived at by dividing all of your monthly debts (including your total housing expense) by your gross monthly income.