houses: New Scary Bill For the Housing Market!
- 11/15/11 03:17 PM
NEW BENNET & ISAKSON BILL SCARY FOR THE HOUSING MARKET! New Bennet & Isakson bill scary for the housing market! There is a new BILL that could hinder the housing market. Senators Bennet & Isakson want to ADD UTILITIES INTO THE DEBT RATIO WHEN QUALIFYING A HOME BUYER. They want to LOWER the Qualified Potential of every Buyer!! Qualifying ratios are set where they are because people have other expenses. These costs are already considered in the ratios. This doesn’t help the housing market. Write them and let them know this is a bad idea. It is called the S.A.V.E Act. … (5 comments)
houses: Why was my loan declined?
- 10/13/11 08:22 PM
Why was my loan declined? No prospective home buyer wants to hear the words "We regret to inform you..." Unfortunately, according to federal data more than two million people in the US heard those ill fated words! Why? For a variety of reasons ranging from just not meeting certain lender requirements or because they didn't fill out the applications properly or completely. That number doesn't even include all the people who abandoned the process all together! The Mortgage Bankers Association estimate that about half the people who try to refinance and 30 percent of buyers are either declined financing or they … (8 comments)
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