Kevin's Blog - Archives August, 2007

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How Much Of A Mortgage Can I Afford? - 08/10/07 12:16 PM

This seems to be a question that I hear very often. Here are a few tips:
For most homeowners, the monthly housing costs should run no higher than 28% of your gross annual income - this is commonly referred to as the 'front end' debt ratio. This payment would include the principal … (3 comments)

Mortgages and liquidity - ALT A Loan Problems Explained - 08/06/07 12:26 PM

Anyone who has been watching the media withing this last week saw some big changes in the mortgage industry, including the all of a large national mortgage lender - but then again, we all like placing our loans twice, don't we? If we are lucky, we won't have to do it … (1 comments)

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