Posts tagged Getting ready for Match Day March 20th

Getting ready for Match Day March 20th

I’ll keep saving for the down payment for the next year, and hopefully I’ll catch the market closer to this 25% expected further devaluation.This would be completely different if I were making 60K rather than 40K….  Empower me already!For the I have written about Match Day once or twice before at least, and this year is no different, but for one thing – the credit markets are much, much different this year (h/t VARBuzz) than in any previous year….  There are no set in stone guidelines I can give you that are being used but some general parameters are:- Can still go to 100% financing- Credit scores should be above 700- 2 months reserves after closing- Debt to income around 50% (closely around) Sometimes, exceptions are needed to get beyond the Debt to Income ratios which seem to be the greatest area of concern….  🙂 – and ultimately a good thing.My advice to Residents (really to any Buyer) – work with a team of people whom you trust, prepare, know your options and move forward after performing adequate due diligence.

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