Jun 29th 2010 5:52PM
To easily snag a home loan, an applicant needs to be a "triple threat" -- have an excellent credit rating, a large down payment, and low debt-to-income ratio with steady significant income. But even if you have bad credit, you don't have to rule out future home ownership. Homebuyers with bad credit due to a foreclosure or... Continue Reading »
Jun 25th 2010 2:18PM
Mike Valdez fits the profile of a savvy first-time homebuyer perfectly. A 34-year-old financial analyst from New Rochelle, N.Y., he and his family had grown sick of living the renter's life. So two years ago he decided to test the market and find a townhouse for his growing family. But despite his financial aptitude, he... Continue Reading »
Jun 25th 2010 11:07AM
Gone are the days when homeowners "cashed out" on the equity of their homes through a mortgage refinance, and used the money to pay off other bills, renovate a kitchen, or jet to Bora Bora. Stringent, post-housing-boom lending policies mean a gain in popularity for the complete opposite of the cash-out refi -- the... Continue Reading »
