Category Archive: Qualifying
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March 14, 2011
There is a lot of misinformation out there about the options that exist for a homeowner when they can no longer afford their mortgage. There are also scams that unknowingly suck people into paying thousands of dollars for services that can otherwise be obtained for free. Let’s go through the steps that a homeowner might …
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Permanent link to this article: http://www.deanhayes.com/2011/03/14/when-you-cannot-afford-your-mortgage/
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September 13, 2010
When trying to determine how much home you can afford, you must know that affordability is a function of home price, interest rate and down payment. The one key component in home affordability that is at greatest risk today is rates. The fact is that home loan rates are still at historically low levels. But …
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Permanent link to this article: http://www.deanhayes.com/2010/09/13/how-much-home-can-you-afford/
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July 29, 2010
Great news! 100% financing is back for rural areas. Congress approved the restoration of Rural Housing funding, subject to the President’s signature. We notified you in June that some of our lenders were closing Rural Housing loans in anticipation of the funding being restored, and now all lenders who are closing these loans should be …
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Permanent link to this article: http://www.deanhayes.com/2010/07/29/100-financing-is-back-for-rural-areas/
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July 13, 2009
In the most recent 2009 National Housing Pulse Survey as published by the National Association of Realtors®, most Americans still consider having enough money for downpayment and closing costs to be the biggest obstacles to buying a home. There are some other interesting factoids, but let’s first address the downpayment and closing costs. Two of …
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Permanent link to this article: http://www.deanhayes.com/2009/07/13/survey-says-down-payment-and-closing-costs-biggest-obstacles/