real estate finance - full book (500 pgs)

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Unformatted text preview: -2 WHY PREQUALIFY THE BUYER?........................................................................ 13-4 QUALIFYING THE BUYER.................................................................................... 13-5 INCOME / ABILITY TO PAY .................................................................................. 13-6 Types of Income ................................................................................................ 13-6 Stable Monthly Income .................................................................................... 13-11 Source of funds for down payment and closing costs...................................... 13-13 Co–Borrowing .................................................................................................. 13-14 DESIRE TO PAY ................................................................................................. 13-15 More on Desire to Pay “Other Motivations and Emotion Needs” ..................... 13-16 LIABILITIES ......................................................................................................... 13-18 1-10 Licensing School for Appraisal, CPA, Contractors, Insurance, Real Estate, Notary, Nurse, Food Handlers, Tax and Securities TABLE OF CONTENTS DEBT ANALYSIS................................................................................................. 13-20 Income Ratios.................................................................................................. 13-20 Front–End Ratio............................................................................................... 13-21 Back–End Ratio ............................................................................................... 13-22 Easy Qualifying – Limited Documents ............................................................. 13-23 Qualifying under Conventional Guidelines ....................................................... 13-23 QUALIFYING UNDER GOVERNMENT–BACKED LOANS GUIDELINES..............
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This note was uploaded on 12/30/2010 for the course SOC 101 taught by Professor Zhung during the Spring '10 term at Punjab Engineering College.

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