Yeah, we know, another article on mortgage restructuring. We are not trying to bore you with details on the government’s never-ending influx of programs to help homeowners, but any information that makes it “easier” to figure out if you qualify is worth passing along!
The “Making Homes Affordable” program is not the same [...]
Entries Tagged as 'loan modification programs'
An Easy Way to Determine Eligibility for the “Making Homes Affordable” Refinance Program
April 23rd, 2009 · 2 Comments · Banking, Mortgages, Real Estate
Tags: loan modification·loan modification programs·loan servicing·lower interest rate·Making Homes Affordable Program·mortgage refinancing·refinance
Debt-to-Income Ratios (DTIs) for Dummies
March 27th, 2009 · 1 Comment · Consumer Debt, Mortgages, Real Estate
With all the recent government programs available to homeowner’s facing potential foreclosure, understanding debt-to-income ratio is more important than ever, as lenders will be utilizing this parameter to determine your eligibility.
Debt-to-income ratio is a simple formula, calculated based on several key elements of a homeowner’s incoming salary versus outgoing expenses. There are two different types [...]
Tags: debt ratios·debt-to-income ratio·DTI·foreclosure·loan modification programs·Mortgages·reduce house payment·Refinancing
