Look back at your previous performance and analyze your number of suspects, conversion ratio to prospects, qualifying ratio
into the sales funnel, and your close ratio to determine your future.
Analyzing your number of suspects, conversion ratio to prospects, and qualifying ratio
into the sales funnel, along with your close ratio, tells us a lot about your future.
2) Based on a 25% qualifying ratio
for monthly housing expense to gross monthly income with a 20% down payment.
Kleinhenz notes that the qualifying ratio
is more than 30 percent in lots of instances today, trade-up buyers are able to make substantial down payments and there are a variety of loan products available.
Plus, you can take advantage of a low down-payment option and a more flexible qualifying ratio
As a practical matter the number or qualifying ratio
many lenders use is closer to 40 percent, and in rare cases it could be 50 percent if there were no other household debts,'' he said.
The old measure of debt capacity--the split ratios of housing expense to income and total debt to income (DTI)--have been replaced by a single qualifying ratio
(SQR) that doesn't explicitly take into account monthly household expense.
and compensating factors), often engaging in Monday morning quarterbacking by focusing on early payment defaults.
Department of Energy, EEMs give borrowers the opportunity to finance cost-effective, energy-saving measures as part of a single mortgage and stretch debt-to-income qualifying ratios
CBMA offers an affordable mortgage program for LMI borrowers through the Massachusetts Association of Community Organizations for Reform Now with below-market rates, liberal qualifying ratios
, and lowdownpayment requirements.
And last year HUD announced that homes that meet MEC qualify for a 2 percent stretch on loan qualifying ratios