Editorial: Questions for Brown on higher education
While the memo lacks depth – it's barely more than two pages long – Brown should be commended for addressing a real concern for families across New Hampshire. … guru Paul Ryan's latest plan proposed cutting Pell Grants and accused the White House of …
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Editorial: The drag of debt
Elizabeth Warren, visit price D-Mass., buy information pills that would have allowed borrowers with old government loans to refinance them. The program would have been funded with a new tax on millionaires, drug a non-starter among Republicans. Lawmakers would better serve students by …
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Week on the Web: June 14-20
Sequoia Property Partners of New York City, which bought the long-vacant CPA Building and the block on which it sits in Detroit's Corktown, is seeking ideas from the community on the best use for the property. … Starfish Family Services Inc. will …
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Question by honesty_counts: Why have sales of new homes in U.S. fallen to record lows, recipe at same time Canadian home sales at record highs?
Here’s the U.S. data: http://www.bloomberg.com/apps/news?pid=20601068&sid=aToSv9PXNo3g#
headline: ” Sales of New U.S. Homes Dropped to Lowest on Record (Update3) ”
Here’s the Canadian data: http://www.theglobeandmail.com/report-on-business/canadians-fret-over-mortgage-rates-prices/article1510682/
headline: “On Tuesday, Bank of Nova Scotia forecast in its real estate trends report that home sales are expected to rise 10 per cent to 510,000 this year, while average prices are expected to jump 8 per cent to a record $ 345,000. ”
What the heck gives?
Why is our real estate market booming ! , no, its SHOOTING TO THE MOON ! , but at the same time the U.S. housing market seems really dead ??? Why the huge difference ??
Is there something about Canadians that make us smarter, perhaps better than the Americans ?
Best answer:
Answer by Doctor Deth
10% a yr price increases? that is double the long-term USA avg – I guess Canada will the be the next country to have a Real Estate market collapse – unrealistically fast rising prices is what did in the US market – I can’t imagine your annual pay increases are 10% a yr to keep up with those RE price increases, and if they are, then you also have massive INFLATION problems in Canada – sooner or later, the average Canadian will not be able to afford the avg Canadian house
and $ 510,000? that’s what house in California were selling for a few yrs ago – they are now $ 200-300,000
don’t get too high and mighty – you may be headed for a big fall
I would hardly say you are smarter if you are spending $ 500,000 for a house.
I bought 2 houses in 2008 that cost me less than $ 23,000 and are in perfectly livable condition
how much is your mortgage pmt on a $ 500,000 house – my $ 20,000 houses only cost me $ 200-230 a month
Know better? Leave your own answer in the comments!
Question by meleane0314: Any mortgage lender making 100% SISA 45-50% DTI?
Loan officer in need to know which lender bank is available to offer a program with 100% financing purchase, nurse 700+FICO Stated Income Stated Assets. 45-50% ratio. Please help.
I am specific interesting in stating ASSETS, sildenafil with backing ratios up to 50%. Some lenders goes to 45% max.
Best answer:
Answer by mibanker
With SISA you should never have a DTI issue……
What do you think? Answer below!
