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- Candy Peak
Roger Yu , USA TODAY 6:10 p.m. ET June 6, 2017
President Trump’s agenda to deregulate the financial industry could take a big leap forward this week.
...Government-sponsored financing giant Fannie Mae will ease its requirements next month, raising its debt-to-income ceiling from 45 percent to 50 percent on July 29. The move could pave the way for a larger number of new buyers to qualify for a mortgage, particularly millennials who may be saddled with student loan debt.
The debt-to-income ratio compares a person’s gross monthly income with his or her monthly payment on all debt accounts, including auto loans, credit cards, and student loans. It also factors in the projected payments on the new mortgage. Lenders see applicants with lower debt-to-income ratios as less at risk of defaulting.
It can be tough starting a real estate business from scratch. But that is what I did when I decided to move to Tampa Bay, Florida after 16 years of living overseas.
I was looking for a niche in the crowded field of real estate sales. I immediately observed that Tampa Bay had hundreds of condominium complexes. So I thought it would be perfect for me to make that my niche. And I decided I'd truly enjoy selling Tampa Bay condos. First, I purchased a condo to call home and get a real feel for condo-living. Then I began to contact condo owners in the condo complexes around where I lived.
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By Kenneth R. HarneyReal Estate - The Washington Post
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Seeking a major victory on campaign promises, Congressional Republicans are now focused on tax reform after health care reform failed passage. The mortgage interest deduction may be considered for elimination. C.A.R. and N.A.R. both acknowledge the complexity of federal tax law and seek to assure that tax reforms support the goals of homeownership, freedom to buy, maintain, and sell real estate.
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