Bank of America Rolls Out 3% Loans

Bank of America announced a new loan program to help low- and moderate- income borrowers qualify for a mortgage with down payments as low as 3 percent of the purchase price. The loans have financing available up to $417,000. Eligible borrowers must not earn more than the median income for the … [Read more...]

274 Kathy Court, Lebanon PA 17042

Beautifully landscaped home on 1+ park like acre. Stone Patio with cascading water falls, 2nd level stoned pathway to relaxing upper level patio in most private setting. Pole barn, large Workshop, garden storage shed, and that's just the outside. You must see what they have done with the inside of … [Read more...]

Determining how much home you can afford, with Debt to Income Ratios

Lenders determine maximum mortgage amounts using guidelines titled debt-to-income ratios. They calculate it by using a percentage of your monthly gross income, before taxes, that is used to pay monthly debts. There are two calculations, a "front" and "back" ratio, written for example in the … [Read more...]