Tagged : real estate finance

Found 1 blog entry tagged as "real estate finance".

There's little doubt that we're borrowing more and there's also little doubt that credit is one of the great conveniences of modern life. That said, like Goldilocks, you want to borrow the amount that's just right – and no more. So what's the right level of debt? The loan qualification standards used by mortgage lenders are an important guideline. You can typically get that old standby – the fixed-rate, 30 year mortgage – if no more than 28 percent of your gross monthly income goes for mortgage principal and interest, property taxes and property insurance (PITI). In addition, as much as 36 percent of your gross monthly income can go to regular monthly costs – PITI plus car payments, credit card debt, school costs, etc. In addition, because they have

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