Paying for undergrad.

I'm looking at attending Boyce college (SBTS) and then going on to a Reformed seminary for a M.Div ... your student loans. This corresponds to a debt-to-income ratio of 0.7. If you use 15% of your gross monthly ... some financial difficulty.This corresponds to a debt-to-income ratio of 1.1. [more...]

Date: 2008-10-14 19:05:40

Blog posts (38) | Videos (4)
 

How Much Can You Afford?

Source: Yahoo! Real Estate If you’re like many first-time homebuyers, ... -to-income ratio. This is the figure lenders use to determine how much mortgage debt you can handle ... (Debt-to-income ratio) = $2,340 (Total allowable monthly debt payments) Next, add [more...]

Date: 2009-01-01 12:27:26

Nevada Mortgage - How Much Can I Borrow?

This is typically the first question our Las Vegas Mortgage clients ask when applying for a new home loan ... , type of credit borrowed, and recent inquiries. Debt-to-Income Ratio The (DTI) is calculated ... The DTI would be 42%. Most mortgage guidelines require a 45% or lower Debt-to-Income ratio. Loan [more...]

Date: 2008-12-31 21:02:55

Debt/Equity Ratio 0.29 (SYNA, rated BUY)

Listed as a hold but looks like a solid strong buy   52 week high 40.90- sales 473 million - income 54 million -  sales growth 31% income growth  396%  debt/ equity ratio .29     When citing the reasons for selecting Synapse above all others in this crowded, new market, Frost & Sullivan stated that, "since the introduction of the Internet as a building automation tool, no other technology has had as profound an impact as wireless technology. [more...]

Date: 2009-09-24 01:42:48

The Greatest Offer For Those who Want to Receive Backlog Reduction Mortgage

These days the economy of the United States is breaking down ... your expenditures for the last half of a year and use debt calculator to realize your debt-to-income ratio ... increasing and the America encounter poor case. Debt elimination must be on everyone’s mind. With a not big [more...]

Date: 2008-12-14 23:31:59

Borrowers Beware: Stricter Loan Requirements in 2009

Ah, credit. The nation’s widespread adoption of it has allowed several generations of Americans to spend beyond their means, ... pay more for it. You’ll also need to keep an eye on your overall debt ratio if you’re in the market ... debt ratio at or below 45 percent of their pre-tax income. If you plan to apply for an FHA loan [more...]

Date: 2009-01-13 13:27:55

How Much Down Payment Do I Need and How Do I Get It?

With housing prices having crashed in most of the higher cost areas of the country, ... score debt to income ratio and loan to value ratio. I do have a source for loans with only 5% down purchase money loans that seems increasingly solid - but it's only one. One program from one lender [more...]

Date: 2008-11-04 14:41:53

What The Heck Is ‘DCR’ And Why Should Real Estate Investors Care?

I get this question from time to time, as DCR isn’t as commonly known as some real estate investors might think. It stands for Debt Coverage Ratio ... loan amount. On your handy dandy loan calculator, mine is and will forever more be an HP 12C ... . It’s ratio of Net Operating Income to total annual Debt Service (a year’s loan payments [more...]

Date: 2009-01-11 00:32:23

Mortgage Rates - Mortgage Home Calculator

It’s really a jungle of information out there. For beginners or first-time home buyers, home mortgage loan should work just any other loans, ... on your debt-to-income ratio. If you make barely enough to cover for your debts, you’ll have to pay a higher home mortgage rate. Compare this to someone who takes home a monthly income that far surpasses [more...]

Date: 2008-10-29 19:52:45

How to Avoid Filing for Bankruptcy

Bankruptcy is an ugly word in the financial world. But many people see it as their only way out of financial trouble ... . Instead, steps should be taken in order to pay back debts and clear credit, like debt consolidation ... is also affected by our society’s recent dependence on credit cards, as well as our debt to income ratio [more...]

Date: 2009-01-06 14:45:08

Does Your Credit Score Matter?

Almost every other day I see those goofy commercials on TV for your free credit report ... this information doesn’t help.  In reality, most lenders are more concerned with your debt-to-income ratio than ... is actually calculated). If you have a large amount of revolving unsecured debt (primarily credit cards [more...]

Date: 2008-11-26 23:03:58

too true

via Schneirer: Part of the debtor mentality is a constant, frantically suppressed undercurrent of terror. We have one of the highest debt-to-income ratios in the world, and apparently most of us are two ... in Ireland, by Tana French. Funny that this wholly logical analysis is an old zen idea- that true mastery [more...]

Date: 2009-01-15 23:23:59

September 30th, 2008 - Help Stop Debt Harassment, Learn Your Rights!

Obtaining credit can be fairly simple. If you have a steady job, an acceptable debt-to-income ratio, and no history of serious credit delinquency, ... Responsibility of Debt Collectors or other Furnishers to the Consumer Reporting Agencies. Procedures in the Case [more...]

Date: 2008-09-29 05:38:41

Recent Bankruptcy? It’s Not Impossible to Obtain a Home Loan

Because the new bankruptcy laws go into effect on October 17, 2005, more Americans than ever are filing for relief using the federal bankruptcy laws ... discharge. Ironically, some those that would not previously qualify for a mortgage do qualify after ... payments. The DTI* (debt-to-income) ratio of this person is 81.25%. Since his credit score is low [more...]

Date: 2009-01-15 00:11:26

Mortgages: How much can you afford?

The American sub-prime crisis has rippled across the pond so that Britain too is feeling its ill effects ... lenders will try to work out a debt-to-income ratio so that they can work out how much you can afford ... taking on ever increasing levels of personal debt, many of those people were unable to pay back [more...]

Date: 2008-12-03 04:24:04

Predicting 02009 in retrospect

Predicting 02009 in retrospect January 2nd, 02009 by Alexander Rose Stewart Brand sent me this excellent piece by past Seminar Speaker, ... correct at some point… “With total debt above 350 per cent of US gross domestic product ... , Americans simply could not stabilise the ratio of their debts to their disposable incomes. The paradox [more...]

Date: 2009-01-02 18:52:35

Cash to Close - A Basic Primer

Cash to close has always been an underwriting standard, but more people are running into it as a reason why they cannot buy that property, ... and debt to income ratio. Not only do you have to have the money for the down payment, you've got [more...]

Date: 2008-12-01 14:46:23

Economic Distress and Fear

Economic Distress and Fear This was the Quotation of the Day from January 12: Part of the debtor mentality is a constant, frantically suppressed undercurrent of terror. We have one of the highest debt-to-income ratios ... brave, or because they're insane, or because they know themselves to be safe -- are free from fear [more...]

Date: 2009-01-15 12:14:30

The Debt-to-Income Ratio: How Much House Can You Afford?

Housing is the largest expense in the budget of most families. But how much is too much to spend on shelter? ... of her grandfather’s home. The loan that made up the difference, with closing costs, broker’s fee, taxes ... my compassion. Ms. Natale (who has three children) took out a housing loan that left her just $100 [more...]

Date: 2008-11-11 13:00:08

Lending Club P2P: Review of New Post-SEC Changes, Free $25 Lender Bonus

Now that LendingClub has finished their SEC filing and is one of the only P2P lenders currently operating ( ... 660 with a debt-to-income ratio (excluding mortgage) below 25%. In addition, your credit history ... you get. Then you can simply compare this rate with your other options - credit cards, home equity loans [more...]

Date: 2008-12-14 14:30:58

All Time Low Mortgage Rates For A++ Borrowers Only

As discussed on December 31, 2008 many homeowners attempting to lower their mortgage rate apply for a refinance, ... income (debt ratio of 32% or less) and substantial equity in the home (loan to value of 75% or less ... and won’t get approved. Only about a third of U.S. mortgage debt outstanding is likely to qualify [more...]

Date: 2009-01-15 08:09:46

“AAA Borrowers”

It has yet to be determined if in fact banks are lending, and for those that are, is it truly “business as usual”?? ... , property equity, debt-to-income ratios, and cash reserves. In March 2008, Fannie Mae and Freddie [more...]

Date: 2009-01-16 03:01:21

The Best of Get Rich Slowly: November 2008

November was a great month for me. I took huge strides in my life as a “professional” blogger ... : The debt-to-income ratio: How much house can you afford? November 13th: A do-it-yourself Christmas: 34 ... of the Forums The blog isn’t the only part of this site. If you have burning questions [more...]

Date: 2008-11-30 13:00:05

The growing consensus on averting foreclosures

... adjustments in interest rates and monthly payments, rather than simply tacking unpaid interest ... meet a standard level of affordability -- a 38% debt-to-income ratio (that is, monthly payments [more...]

Date: 2008-11-20 01:48:06

Will Zealots and Foreigners Support the Market?

Tonight is the night… Lemon—U2 And I feel Like I’m slowly, slowly, ... , we have discussed debt-to-income ratios and how people are financing current purchases. One of the topics mentioned in the comments and in a recent thread in our forums is the large downpayments people [more...]

Date: 2009-01-07 20:30:15

Have yourselves a conservative Christmas!

A guest-post by Scott Stephens (originally written for an Australian newspaper)Conservative politics is now everywhere in retreat ... . In the United States, the ratio of private debt to income is 290%. In Australia, it is 165 [more...]

Date: 2008-12-01 23:47:00

How To Effectively Shop for A Real Estate Mortgage Loan

This is a little harder than shopping for buyer's agents, so congress critters might not be able to do it ... a debt to income ratio and subtract from that your current monthly obligations, to arrive [more...]

Date: 2008-10-03 13:53:54

How Do I Get Personal Loan With Fair Credit Score But Debt To Income Ratio Is High. I Had Been Declined?

I just got a new job as a nurse, my college loan, car loan, co-signer daughter car loan, mortgage payment, owned a house but no more equity left. my credit score is fair, no late payment. I need immediate financial need to keep me going for the next 6 month. Where can I get quick loan ? [more...]

Date: 2009-09-27 10:51:16

Renting vs. Buying using a Mortgage Interest Calculator | ArticlesBase.com

You can use a mortgage calculator to figure out your borrowing power with the bank and they’ll tell you exactly what you can afford. The bank uses a formula that you might have heard of called your debt to income ratio. view source [more...]

Date: 2009-07-28 19:02:19

Loan Modifications Principal Reductions

How to calculate debt to income ratios or DTIRs for a loan mod I made this video to show you how to calculate DTIRs, which are the most important thing lenders pay attention to in determining [more...]

Date: 2009-01-07 13:27:51

Best Refinance Mortgage Rates - Ways to Qualify for a Low Refi Rate

Obtaining a low rate is a top concern for many homeowners who choose to refinance their existing mortgage ... payments, judgments, and high debt to income ratio are damaging to your credit score [more...]

Date: 2009-01-15 04:45:36

King hints at need for ‘aggressive’ cuts

King hints at need for ‘aggressive’ cutsBy Alex Barker, Political CorrespondentPublished: November 26 2008 03:26 | Last updated: November 26 2008 03: ... to fiscal stability”.“The implied ratio of debt to national income only starts falling in 2015-16, which [more...]

Date: 2008-11-26 15:51:00

A Test For Real Estate Investment Property Owners — Especially Those In San Diego

Read and take a few helpful notes from last night’s post on DCR — Debt Coverage Ratio. Figure out an honest Net Operating Income — Translation: 20% operating expenses never, ever leads [more...]

Date: 2009-01-14 04:17:31

Families transform their finances in ‘U-Turn Challenge’

First Tech Credit Union is about to announce which households will be participating in its U-Turn Challenge ... participating families: Source and stability of income Type of debt Debt-to-income ratio Disposable income ... -determined categories: Debt reduction Savings increase Overall net worth increase Overall level [more...]

Date: 2009-01-15 11:21:05

Top 3 Tips for Qualifying Your Renter / Tenant

What Make A Good Renter? Is a good renter someone with great credit, or large deposit or maybe  high income? ... really work and how much do they make. Debt to Income Ratio - While pulling credit can give ... a debt to income ratio .  This will illustrate whether they have sufficient income to cover their rent [more...]

Date: 2008-10-03 12:59:43

Is It Time to Refinance?

Is It Time to Refinance? Written by Credit Karma January 9th, 2009 at 7:09 AM CST 2 comments ... . Have the Proper Debt-to-Income Ratio. In the housing boom, debt to income ratios (DTI) were pushing 50 ... your score. Have Equity in your Home. Like the subprime mortgage, 100% financing is generally no longer [more...]

Date: 2009-01-08 17:50:03

Mr Mortgage Loan Mod Survey - I Would Appreciate Your Assistance

I need a favor from all of my mortgage broker and home owner friends out there ... done the right way.  I have swung completely over to this side of the fence as regulators, law makers ... is fully re-underwritten using present income and debt levels, prudent 28/36 debt-to-income ratios [more...]

Date: 2009-01-03 16:03:10

Debt to Income Ratios or "What do you mean we can't afford peanut butter?!?"

Happy New Year everyone!Yes, I'm way behind. If you've noticed that things have been quiet around here it's because I took a much needed 2 week ... back on track. This week I'm settling back into a more normal routine. So on to the post!This morning I came across two great blog posts on ratios including:1. Debt to income ratio2. Mortgage [more...]

Date: 2009-01-12 20:00:00

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