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As a result, more households were able to pay off their debts or refinance their mortgages, leaving homeowners with a net worth roughly 40 times higher than that of a renter. For example, in the SanJose metro area, low-income earners have accumulated nearly $630,000 over the last 10 years while middle-income earners gained $643,000.
SmartAsset identified the salaries needed in the 15 largest metros to afford an average home payment and not exceed the recommended 36% debt-to-income ratio. The site compared median home values, property tax rates, down payment, homeowners insurance, and other debt payments to calculate these results. and Philadelphia. Key Findings.
The movement into secondary markets is underpinned by the anticipated increase in both debt and equity capital during 2014. SanJose – SanJose is the third-ranked market for the second year in a row, with investors attracted to the prospects offered by the city’s technology industry.
Loan proceeds are to be used for working capital, inventory, equipment purchase, and real property improvements but cannot be used for refinancing of existing debt or outstanding debt payments. Funds cannot be used for debt refinancing or contingency funding. The program ends December 2016. EMPLOYEE TRAINING PROGRAMS.
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