Posts Tagged ‘debt’

Articles

You mean the interest rate affects loan qualification?

In Uncategorized on October 4, 2011 by reibroker Tagged: , , , ,

Yes! Now you’re getting it. With lower interest rates you can qualify for more home – especially with prices as low as they are today.

Take 3 minutes and read this very short article on how and why a higher interest rate can keep you from qualify for the same home you qualify for at lower rates.

Amplify’d from kennycook.com

For people who need to purchase a new home in the Atlanta area the numbers do line up well for the buying opportunity. The oversupply of available home listings, fixed 30 year interest rates at or near four percent, and underwriting guidelines trending toward “reasonable” it certainly is time to consider the move. Now here is some really good news: lowest interest rates results in lower monthly payments which changes the buyer’s debt-to-income ration resulting in the ability to buy more home for less money.

Debt To Income Ratio (DTI)

Debt To Income Ratio (DTI)

It becomes quickly obvious that as interest rates rise the buyer qualifies for less home. This is the primary reason today is a very good time to buy because rates are incredibly low (and will not stay that way) and home values are “in the tank” (and will not stay that way).

Read more at kennycook.com

 

Articles

63 Percent of Americans Oppose Debt Limit Increase

In Uncategorized on August 1, 2011 by reibroker Tagged: , , , , , , ,

Join object of attack (John McCain’s attack) Sharron Angle and fellow Joe Miller. Both friendlies of the Tea Party Caucus. Live at 8PM tonight to answer the questions – “WTH is wrong with Washington DC” and “just how deadly is this deal to the American future?”

The only way to get there is here:

http://hobbits.eventbrite.com/
http://facebook.com/PatriotHobbits

Amplify’d from www.cbsnews.com

Poll: Most Americans oppose raising debt limit

Despite Obama administration warnings that failing to do so would devastate the economy, a clear majority of Americans say they oppose raising the debt limit, a new CBS News/New York Times poll shows.

Just 27 percent of Americans support raising the debt limit, while 63 percent oppose raising it.

Read more at www.cbsnews.com