New Freddie Mac Student Loan Guidelines Could Make It Easier to Qualify for a Mortgage – ZING Blog by Quicken Loans

Inflation is a fact of life. I’m sure our grandparents didn’t expect to pay $0.50 for a gallon of gas forever. Still, the cost of some things seems to be rising faster than others. College tuition is one of those things.

Student loan debt is up 302% since 2004, because of the rising costs of getting a degree, according to ValuePenguin. The average student loan debt is $32,731, according to the most recent available data. The median debt isn’t as bad, at $17,000, but it’s still enough that some young people have delayed getting a place of their own.

Freddie Mac, one […] Read more

What Do You Need to Qualify for a Mortgage? — The Motley Fool

So, you’re ready to take the leap and become a home owner. For most of us, homes come with mortgages. These large loans take decades to pay off and cost thousands of dollars in interest, but they make it possible to purchase a house you’d otherwise be unable to afford.

Unfortunately, not everyone who wants to buy a home can qualify for a mortgage. That’s because lenders try to make certain you’ll pay back your debt before they allow you to borrow. Depending on the lender and the type of loan, you’ll likely need to provide a lot of documentation to prove […] Read more

Home sales dropping as market cools – BC Local News

Homes sales are dropping across Metro Vancouver, and the Maple Ridge/Pitt Meadows market has not escaped the downturn.

Sales of detached homes dropped almost in half, down 47.6 per cent according to the statistics from the Real Estate Board of Greater Vancouver. The board’s latest sales summary looked at the past three months, and from September to November 2018 there were 194 sales of houses, compared with 370 during the same period in 2017. Sales 0f townhomes and apartments are both down about 24 per cent.

Across the entire Metro region, sales are down 37 per cent for houses, 41 per cent […] Read more

Home sales dropping as market cools – Maple Ridge News

Homes sales are dropping across Metro Vancouver, and the Maple Ridge/Pitt Meadows market has not escaped the downturn.

Sales of detached homes dropped almost in half, down 47.6 per cent according to the statistics from the Real Estate Board of Greater Vancouver. The board’s latest sales summary looked at the past three months, and from September to November 2018 there were 194 sales of houses, compared with 370 during the same period in 2017. Sales 0f townhomes and apartments are both down about 24 per cent.

Across the entire Metro region, sales are down 37 per cent for houses, 41 per cent […] Read more

‘Wait and See’ is the Best Strategy for Vancouver’s Real Estate Market

Two-plus years of surging prices and soaring demand in Vancouver have been tempered by government intervention and organic market forces, creating a more uncertain environment for local investors.

And right now, the big real estate story in the city is that the Empty Homes Tax, which requires owners who leave a property vacant for more than six months to pay a 1% fee on its value, will bring in an estimated C$38 million (US$28 million) this year.

That’s a lot of money earmarked to tackle the affordable housing problem. But does it mean anything for locals who want […] Read more

How much of Calgary’s predicament is PM Trudeau’s fault?

Calgary’s real estate market has seen better days.

While it’s largely been touch and go since 2014 when the oil and gas sector commenced declining, the situation has worsened because of oversupplied oil and, consequently, its lame pricing.

However, according to Croft Axsen, owner of Dominion Lending Centres Jencor Mortgage Corporation in Calgary, the city’s housing woes have more to do with constraints created by B-20 than the oil and gas sector’s plunge, although that is a salient […] Read more

Lack Of Accommodation For “Squeezed Middle” Reaching Crisis Point

Its claimed the lack of accommodation for the so-called “squeezed middle” in Clare has reached crisis point.

The Council’s Social Development Committee, which deals with housing, has heard criticisms of the income limits applied for applicants for social housing.

It’s claimed that a large cohort of people in this county are caught in a ‘trap’ of the government’s making, which is contributing to the housing and homelessness crises.

67 adults and 51 children are homeless in Clare, according to the latest available figures, and this ‘trap’ has been highlighted as a contributory factor.

The local authority’s housing committee heard that there’s growing numbers of […] Read more

5 Reasons to Talk to a Lender Now—Long Before You Buy a Home

Most potential home buyers wait to talk to a mortgage lender until they’re ready to buy. Makes sense, right? Why bother digging up your financial statements and filling out a bunch of paperwork if you’re not going to buy right away?

If buying a home is one of your long-term goals, you may be doing yourself a disservice by not talking to a lender sooner rather than later. The goal of any good mortgage lender is to help you get “mortgage-ready.” This means getting you and your finances in order so you can qualify for the best mortgage possible, with financial […] Read more

5 Reasons to Talk to a Lender Right Now—Long Before You Buy a Home

Most potential home buyers wait to talk to a mortgage lender until they’re ready to buy. Makes sense, right? Why bother digging up your financial statements and filling out a bunch of paperwork if you’re not going to buy right away?

If buying a home is one of your long-term goals, you may be doing yourself a disservice by not talking to a lender sooner rather than later. The goal of any good mortgage lender is to help you get “mortgage-ready.” This means getting you and your finances in order so you can qualify for the best mortgage possible, with financial […] Read more

Calls For Social Housing Income Limits To Be Re-Evaluated




The Government is being called on to re-evaluate the income limits for people applying for social housing here.

Clare is in the lowest band, as per government regulations, which means that a single person earning a net income of over €25,000 and a couple earning over €30,000 are ineligible.

However, the Council’s Policy Committee which deals with housing has heard this is too low, and that many people are earning too much to get social housing, but not enough to qualify for a mortgage.

Aisling Corcoran, a Tenant Services Coordinator with the Respond Housing Association, […] Read more