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

Blog posts (184) | Videos (40)
 

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

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

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

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

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

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

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

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

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

Finding the exit

How you think we might get out of our current economic problems has something to do with how you think we got into them in the first place ... ratio of household mortgage debt to GDP. Home mortgage debt outstanding as a percentage of GP ... the phenomenal debt accumulation of 2005. Personal saving as a percentage of disposable [more...]

Date: 2008-12-16 01:26:45

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

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

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

Huntsman: Breakups Aren’t Fun, But $1 Billion Is Handy Right Now

Which would you rather have: a complicated merger with a rival, or $1 billion in your pocket? ... , with $3.9 billion of net debt, which makes for a whopping 68% net debt-to-capital ratio, according ... back to $9.8 billion. Falling sales and heavy debt isn’t a good recipe, particularly in recessionary [more...]

Date: 2008-12-16 15:56:11

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

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

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

Foreclosure Conflict

The problem of foreclosure is becoming common every where due to the extremely low economic level for several homeowners ... from their relatives or friends. Though this increases the debt ratio but the success in their job ... with strength and hope. Consulting the lender or the bank officials can help the owners to find many solutions [more...]

Date: 2009-01-15 11:09:29

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

What are Home Loan Jobs

by Ethan Hunter Most people sitting in a loan companies office isn’t thinking about working there - but there are some people, perhaps you yourself, ... to debt ratio, you find a serious challenge. Having ... with a calculator? Was math an easy subject in school for you, and did you breeze through it while others [more...]

Date: 2008-07-08 11:30:10

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

YRC Worldwide Pursues Long-Term Solution to Improve Financial Condition

Cancels Tender Offer and Evaluates Better Opportunities with its Banks National Integration to be Complete by Early Spring 2009 YRC Worldwide Inc ... facilities that would enhance the company’s financial flexibility including changes to its leverage ratio. The company’s credit agreement defines the leverage ratio generally to be total debt [more...]

Date: 2008-12-26 09:26:02

Credit Spiral

So, say you’ve had a good relationship with a credit card company and been paying off substantially more than minimum payment over recent months ... from the credit card company saying they’re reducing your credit limit, right before Christmas. Would ... of our house leading to a less positive debt ratio report from a credit rating agency [more...]

Date: 2008-11-26 19:39:28

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

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

Debt Collection Agency With the Most Successful Collections

Delinquent accounts result in millions of dollars of losses for businesses every year, ... , then the collection process needs to begin as soon as possible. A debt collection agency knows that the longer a debt ... meaning that they are always looking for ways to increase their bad debt recovery ratio to offset [more...]

Date: 2008-12-28 20:37:15

SP earnings of 42.00 is being generous

regarding earnings, will gain more traction this month…I personally think SP earnings of 42.00 is being generous…AA miss will add fuel to the fire ... . 4. we just doubled our national debt from 9T to just about 18T in 6 months. 5. debt to GDP ratio is now 400… ... sees 920-950 I am going fully short…the COT data, P/C ratio, CNBC, McClellen Summ Index, [more...]

Date: 2009-01-13 16:10:38

Understanding The Coming "Depression"

Glenn adds an update to a post on financial issues facing old media. BCB highlights some seemingly positive online shopping news ... - low savings, high debt and credit ratios - aren't actually sound economics. Changing it isn't all bad. But be smart and don't fool yourself into thinking this is all mostly a media inflamed problem [more...]

Date: 2008-12-08 12:53:39

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

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

Sustainable Sales Growth (4)

Bear in mind that this sustainable-growth formula is operating on a basis of accrual profit ... in all the relevant areas—net margins retained, debt-toequity ratio and sales-to-assets efficiency. Actual ... , you can increase your sustainable growth rate if you: put proportionally more debt on your balance [more...]

Date: 2009-01-08 08:32:00

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

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

Economic Crisis Affecting Credit Card Payments

Last week, Standard and Poor's released a new survey that provides a statistical glance at how American households are doing during the current ... who carry a balance, 22% have between $5,000 and $20,000 in credit card debt. 3% have more than $40,000 ... with their secondary card. "This shows that many cardholders have a high debt utilization ratio, [more...]

Date: 2008-10-21 22:20:27

“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

Results of Capitalizing Leases (2)

United Airlines declared corporate bankruptcy on December 9, 2002.8 The ratios in Exhibit 4.8 tell us why—United has very little equity and has been heading in the wrong direction, even before September 11. The adjusted debt-to-total capital ratio shows that equity makes up only 1 percent [more...]

Date: 2009-01-09 00:06:53

Sustainable Sales Growth (3)

In short, when it comes to sustainable growth, as the song says, something’s got to give. Let’s now look at the sustainable-growth formula ... generated cash flow, and just enough in the way of additional liabilities to keep the debt-to-equity ratio from rising. Taken From : Cash Rules [more...]

Date: 2009-01-07 08:29:29

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

"Capitalist Fools"

What caused the crisis? Joe Stiglitz says it was “system failure” based upon a single, incorrect belief: Capitalist Fools, by Joseph E ... . One was ... to allow big investment banks to increase their debt-to-capital ratio (from 12:1 to 30 [more...]

Date: 2008-12-09 20:51:00

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

Zimmer Holdings (ZMH): A 'hip' holding

Zimmer designs and manufactures orthopedic implants, including joint, dental, and spinal replacements, ... given how the credit crunch is causing problems for many companies. Zimmer’s ratio of long-term debt to equity is only about 20% of its industry’s average, and it maintains a high level of cash [more...]

Date: 2009-01-08 01:35:40

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

Debt consolidation Loan/Credit Card?

I have a bunch of credit card debt and am looking to consolidate it ... ( over 21% for one of them). The problem is being in a lot of debt i dont get enough credit ... with a perfect payment history but hight debt to available credit ratio can consolidate? It is nice [more...]

Date: 2009-01-07 12:21:12

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

By Steel Guru, January 15th, 2009 at 9:08 am - PERMALINK by TATA Power in the Delhi High Court challenging the permission granted to the company to use the coal mines meant for the Sasan project for other projects. However, the project is worth over INR 20,000 crore and will have a debt equity ratio of 70:30. [more...]

Date: 2009-01-15 09:50:52

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