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Fannie Mae Changes & Student Loans
Net Admin • June 29, 2017
Great news for potential homeowners with student loan debt. Fannie Mae came out with some changes to their student loan requirement a couple of weeks ago. This change is great news for anyone who has student loan debt and may have had a hard time qualifying for a home loan because of this debt.Fannie Mae is easing up on the Debt-to-Income ration requirements to be more in line with what FHA loans offer. Before the change, a 45% DTI ratio was required but has now increased to as much as 50% in
In today’s tech-savvy world, social media is a key aspect of how many people stay connected and find entertainment. But social media is also great for other things, including the homebuying process. Follow these tips to find your new home while you’re scrolling through your feed.Start by adding real estate agents to your feed, as …
The home market is booming. If you are a first-time homebuyer or someone who has not owned a home for a three-year period, you may qualify for a no down payment program. Typically, these programs are available through your local county, state, or government. Here are four types of no down payment programs that can …
Restrictions have been placed upon movement and travel, as well as everyday events such as shopping and education being impacted. As we move towards the fall, the threat presented by the situation has not subsided sufficiently enough for life to return to normal, with several US States seeing a spike in cases. That means, as a …
Thinking of turning your home into a long-term rental? There are several different reasons why homeowners make this decision. If your home has been on the market for a while and you’re having trouble getting offers at your asking price, renting it out may be a better option than taking a loss on your sale. …
Change is the new normal these days. How about for the housing market and mortgage rates? Will rates move another leg lower or is this the bottom? What’s next for them? There are 3 things to track as we move through summer: Spikes in coronavirus cases in several states: This is a real concern that comes …
The process of buying a new home can, at times, be frustrating and intimidating. While each step is important, several factors must be considered, or you may end up with a home that doesn’t suit your needs. Of all the factors to think about when buying a home, location is critical. When it comes to
What is the first thing someone sees when they drive up to a house for sale? In most cases, it’s what the house looks like from their vehicle. It’s known as curb appeal, the look and feel of a house when looking at it from the street or the curb. And it can tell a homebuyer a lot about a …
There is nothing like the thrill of moving into a new home. Whether you’re moving into your first home or your fifth, however, there are some important things you will want to ensure make it onto your todo list. Let’s take a look. Change Your Locks. This is one safety measure you want to take right …
We have a brief update in these days of constantly changing information in response to the uncertainty of the coronavirus and its impact on our country. The Fed has cut the Fed Funds Rate by 1.50% in the last couple of weeks, including 1.00% on Sunday, March 15th alone. Messages in the media are confusing …
When looking to buy a home, financing, down payments and mortgages need to be in the mix of what to do first. Traditionally, homebuyers have needed a 20% down payment for their home mortgage. For first-time homebuyers, young families, or those who are in a lower-income bracket, coming up with a 20% down payment is …
