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FHA Will Change How Student Loan Debt Affects Eligibility

Pro Builder

FHA Will Change How Student Loan Debt Affects Eligibility. Mon, 06/28/2021 - 09:41. In order to assist more lower-income homebuyers and close the racial homeownership gap, the Federal Housing Administration (FHA) will change the way it reviews an applicant’s student loan debt. cbroderick.

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Rapidly Rising Student Debt Keeps Millions from Homeownership

Pro Builder

Rapidly Rising Student Debt Keeps Millions from Homeownership. Tue, 04/06/2021 - 09:13. Student loan payments are holding many Americans back from becoming homeowners by keeping their debt-to-income ratios high. A 2019 survey by Zillow found 39% of potential buyers said student debt delayed their homebuying plans.

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Millennials Don’t Shop Department Stores, But They Do Want Home Ownership

Pro Builder

Thu, 09/30/2021 - 10:36. Millennials have too much student debt to be home buyers, and they would rather rent in urban centers where they can walk to a restaurant to order specialty coffee and avocado on toast. Even among successful home buyers, the debt that did hold them back most from buying was student loan debt.

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Key Financial & Safety Metrics for Subcontractor Qualification 

Autodesk Construction Cloud

For another, work delays from 2021 are likely to impact the risk of subcontractor default in 2022 and beyond. . FINANCIAL RATIOS: DEBT . Debt Ratio . Debt Ratio measures the extent of a company’s leverage. It can be used to determine the proportion of a company’s assets that are financed by debt.

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Housing Costs are the Top Financial Concern for Older Millennials

Pro Builder

Fri, 04/02/2021 - 09:19. Rising housing costs, a scarce supply, lack of new construction, increased debt, and stalled wage growth are just some of the burdens this age bracket faces. million were spending more than 50% of their incomes on housing. Housing Costs are the Top Financial Concern for Older Millennials. cbroderick.

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Home Affordability Report Shows Increased Pressure for Affordable Housing

Pro Builder

in the fourth quarter 2021, continuing an upward trajectory that inches closer and closer to the “unaffordable” designation at 28%—which is often the tipping point for when lenders become reluctant to issue a mortgage loan. In Q3 2021, home prices were growing faster than wages in 78% of the counties surveyed. Market Data + Trends.

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Home Price Appreciation Benefits Some Homeowners but Leaves Many More Scrambling

Pro Builder

Wed, 12/15/2021 - 10:07. While some are swimming in equity, others are drowning in debt—and losing their homes as a result. Property tax increases are causing foreclosure rates to rise in states where homeowners are already facing high unemployment rates, income inequality, and large debt-to-income ratios.

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