I’ve got a DTI of about 63%, but I can’t get a loan, even with perfect payment history and a credit score of 715. Yet, the government is lending and giving loans to people that have horrible payment history and even worse DTI. What is the deal? This doesn’t even make sense!
Posts Tagged ‘payments’
Why is the government lending money to people that don’t make their payments INSTEAD of people who do?
August 15th, 2011Auto Calculator Loan – A Convenient Tool To Calculate You Monthly Auto Loan Payments
July 15th, 2011Can property lease payments be added back to cash flow in a commercial mortgage?
September 4th, 2010If an established business exists on a leased property (and will be moving into the new property after closing), can the lease payments be added back to the cash flow when determining the approval amount for loan?
I will not renew my lease if I can find a nice piece of commercial property.
I dont understand why not. To me it is like telling a renter interested in purchasing a home that their qualifying amount is based on their income AFTER they pay their rent. It doesnt make sense. The only difference is that the business owner can take that expense off their taxes.
Have a commercial property I make payments on. Can I use the interest as tax savings on my personal income?
February 7th, 2010I have a retail commercial property. It has 3 store fronts and all three are rented out. I was wondering if I can make extra payments from my personal income toward the property’s mortgage and use the interest paid toward lowering my taxable income on my personal income?
