When it comes to buying your first home, one of the most important thing is qualifying for the mortgage for your real estate property. Banks focus on what is called your “debt-to-income” ratio. Debt to Income ratio is the percentage of your gross monthly income, before taxes, that you spend on debt. [...]
Browsing the archives for the Lending category
13 Oct 11
3 Oct 10
Bank of America is delaying foreclosures in 23 states as it examines whether it rushed the foreclosure process for thousands of homeowners without reading the documents. The move adds the nation’s largest bank to a growing list of mortgage companies whose employees signed documents in foreclosure cases without verifying the information in them.
Bank of [...]
Posted in Bank of America, Information, Lending, News
31 Jul 10
According to the AP, President Barack Obama is going after Senate Republicans who have stymied his proposal to create a $30 billion fund to help unfreeze lending for credit-starved small businesses.
Obama made clear that it’s not only a policy disagreement, but a reason for voters to steer away from Republicans in November’s pivotal Congressional elections, [...]
Posted in Information, Lending, News
