Mortgage interest payments rise to 20.6% of incomes

Finance News · #1 (**permalink**) 12-11-2007, 08:59 PM

The Council of Mortgage Lenders (CML) has published October data on mortgage affordability that reflects both higher interest rates and rising house prices. During the month, mortgage interest payments accounted for 20.6% of first-time buyers’ monthly incomes. The figure was up from 20.4% in September, which was its highest level since 1991.For home-movers mortgage interest [...]

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onlineloans · #2 (**permalink**) 01-11-2008, 10:36 AM

Va Loans are one way this nation has shown its appreciation since WWII for those men and women who have served in all branches of the military to secure the freedom all Americans enjoy. Veterans eligible for this type of assistance include members of Selected Reserve, active duty service personnel, and spouses of deceased veterans who have not remarried. Once an individual finds property he or she wishes to buy, they can find a lender and apply for a VA mortgage loan. Part of the application is the presentation to the lender of discharge or separation papers related to the Veteran's last period of service and/or a Certificate of Eligibility. The property is then appraised and an estimate of the property's value determined and the application approved or denied.