Barb Schlinker The Real Estate Voice

Biden Administration Lightens Up Loan QualificationsSegment 4What are some of the changes happening to help those people buy homes?Biden Administration easing Federal Mortgage Lending RulesExample of How it Worked until last week:$100,000 Student Loan DebtLenders must calculate 1% of that$1000 a month as debtRegardless of the ACTUAL payment amountExample of Actual Debt Payments$100,000 Student Loan DebtFamily of 3 making $60,000$245 per monthHow Lenders Calculate Debt to IncomeWhat can you Buy for $2000 a month?Under the OLD Rules:NOTE: A Buyer would only qualify for $233,000 – VERY, VERY FEW HOMES IN THAT PRICE RANGE HERE!What can you Buy same $60K income with $100,000 in Student Loan Debt?Are there homes in that price range?I listed one yesterday!Thinking of Investing in Real Estate?Call us at 719-301-3900Visit BarbHasTheBuyers.comTour of Homes for Open HousesEntry Level Buyers Cannot be Super Picky?What Does Home Appreciation do for a Buyer?What other investment can you make $80,000 in just 2 years?Buyers