Category: Blog

Is your Condo Project in Litigation?

Good News for Condos with Minor Litigation with Fannie Mae and Freddie Mac:  If the lender determines that pending litigation involves MINOR matters with no impact on the safety, structural soundness, habitability, or functional use of the project, the project is eligible provided the litigation meets one or more of ...
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Understanding Your Debt Ratio

When you are filling out a mortgage application, the lender will be asking you for specific financial information. One of the reasons they ask for this information is to enable the underwriter to calculate your debt ratio, also known as DR or DTI for “debt to income ratio”. The debt ...
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