Hipoteca 2020: Spanish Edition of Housing Finance 2020

Hipoteca 2020: Spanish Edition of Housing Finance 2020

by Anna DeSimone

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Overview

Hipoteca 2020 es una guía completa que explica los programas hipotecarios más nuevos de la industria y las mejoras recientes que se han realizado para aumentar la asequibilidad. El autor presenta opciones de poder adquisitivo, como "equidad de sudor", renovaciones de bricolaje e hipotecas de bajo consumo. El primer capítulo, "Diez maneras de cubrir su pago inicial", explica los préstamos de cero por ciento, las segundas hipotecas blandas y los préstamos de asistencia para el pago inicial "perdonables". Los lectores aprenderán cómo estimar la asequibilidad de la hipoteca y cómo calcular sus ingresos calificados a partir del trabajo por cuenta propia y los salarios no asalariados en base a las pautas convencionales, FHA, VA y Vivienda Rural. Aprenderá sobre la FHA y el seguro hipotecario privado (PMI), los programas que requieren efectivo cero o mínimo, y las hipotecas "exageradas" donde también puede financiar reparaciones del hogar y costos de cierre. Recientemente se han facilitado las normas de calificación para préstamos estudiantiles, pensión alimenticia y otras deudas. Los tipos de ingresos elegibles se han ampliado, y ahora incluyen fuentes como alquileres de huéspedes, ayudantes de salud y apartamentos accesorios en casas unifamiliares. Aprenderá todo sobre los informes de crédito y cómo crear su propio perfil de crédito si no tiene puntaje de crédito o historial mínimo. Repleto de infografías y comentarios claros, comprenderá cómo funcionan las hipotecas y cómo la equidad en su hogar aumenta con el tiempo. El directorio de 50 estados enumera las subvenciones y asistencia para el pago inicial de agencias gubernamentales y sin fines de lucro locales. También aprenderá qué servicios de apoyo están disponibles en la comunidad que espera llamar hogar. ENGLISH Housing Finance 2020 is a comprehensive guidebook that explains the industry's newest mortgage programs, and recent enhancements that have been made to boost affordability. Also available in Spanish, the author introduces buying-power options, such as "sweat equity," do-it-yourself renovations, and energy-efficient mortgages. The first chapter, "Ten Ways to Cover Your Down Payment," explains zero-percent loans, soft second mortgages, and "forgivable" down payment assistance loans. Readers will learn how to estimate mortgage affordability, and how to compute their qualifying income from self-employment and non-salaried wages based on conventional, FHA, VA and Rural Housing guidelines. You'll learn about FHA and private mortgage insurance (PMI), programs requiring zero or minimal cash, and "over the top" mortgages where you can also finance home repairs and closing costs. Qualifying rules have recently been eased for student loans, alimony, and other debts. Eligible types of income have been expanded, and now include sources such as rent from boarders, health-care aides, and accessory apartments in single-family homes. You'll learn all about credit reports, and how to build your own credit profile if you have no credit score or minimal history. Packed with infographics and clear commentary, you'll understand how mortgages work, and how the equity in your home increases over time. The 50-state directory lists grants and down payment assistance from local nonprofit and government agencies. You'll also learn what support services are available in the community you hope to call home.

Product Details

ISBN-13: 9781543978667
Publisher: BookBaby
Publication date: 07/08/2019
Sold by: Barnes & Noble
Format: NOOK Book
Pages: 296
File size: 4 MB

About the Author

Anna DeSimone is an award-winning author and consultant in housing finance. She has written more than 40 professional guidebooks and published over 600 articles on the topic of fair lending, consumer compliance and mortgage best practices. She is founder of Bankers Advisory, a mortgage compliance audit services company, acquired by Clifton Larson Allen LLP.

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