Posts with tag 'first time homeowner, homeownership, first time homeowner sunriver oregon, buying a home in sunriver'
RSS Feed
30
Debt-to-Income Calculation
Debt-to-Income Calculation
If you are considering purchasing a home soon, you need to be familiar with your debt-to-income calculation. Understanding this simple math formula could mean the difference between getting approved or getting denied for a home loan.
The discussion below will explain how to calculate this ratio and how it is used by mortgage lenders to approve people to buy a home.
The debt-to-income ratio, also called the DTI ratio by the mortgage industry, is a comparison between how much money people are making versus how much is being spent on debt.
The formula looks like this:
Total monthly debt payments ÷ monthly income = DTI
Here is a simple example that will explain how the math works.
Shawn and Linda have been married for 3 yea...
29
Sunriver Oregon- A Four Season Recreational Community
Sunriver Oregon- A Four Season Recreational Community
About Sunriver Oregon
Sunriver is nestled on 3,300 acres next to the Deschutes River in Central Oregon's High Desert. It is a residential-resort community that featurs year round activities. Below you wfind general descriptions and links as applicable to activities within Sunriver or the surrounding area. A variety of equipment is available for rent from business in in The Village at Sunriver and just outside Sunriver to help you enjoy your favorite sport or activitiy.
Bicycling:
Sunriver boasts 34 miles of paved pathways for bicycle and pedestrian use. For safety reasons, rollerbla...
29
Sunriver Oregon Fun Facts
Fun Facts about Sunriver, Oregon
Did you know?
1. The anme Sunriver was selected by developers John Gray and Donatld V. MCallum in 1968
2. Sunriver is located on the grounds of the former Camp Abbot, a World War II training facility designed to rain combat engineers in a simulated combat environment. The U.S. Army camp opened in 1942, but by June 1944, the camp was abondoned and most of the settlement was razed.
3. Sunriver was also the site of the pioneer Shonquest Ranch. Sunriver post office was established on Jyly 18, 1969, at the same time the public facilities were opened.
4. All of Oregon has NO sales tax.
5. Oreogn is one of the only two states where you can't pump your own gas (New Jersey being the other)
6. Permanent population of approximately 1,700 though during high peak season it may increase to u...
24
12 Facts To Learn About Sunriver Oregon
12 Facts To Learn About Sunriver Oregon
Did You Know?
- The name Sunriver was selected by develpers John Gray and Donald V. MCallum in 1968.
2. Sunriver is located on the grounds of the former Camp Abbot, a World War II training facility designed to train combat engineers in a simulated combat environment. The U.S. Army camp opened in 1942, but by June 1944, the camp was abandoned and most of the settlement was razed.
3. Sunriver was also the site of the pioneer Shonquest Ranch, Sunriver post office was established on July 18, 1969, at the same time the public facilities were opened.
4. Sunriver and all of Oregon has no sales tax.
5. Oreogn is one of...
17
Why is now the best time to sell your Sunriver home?
Why is NOW the BEST Time to Sell Your Sunriver Home?
If you are thinking of selling your Sunriver home now is the time. This is one of the strongest sellers real estate markets we have ever seen in Sunriver, there is huge financial gains to sellers cashing in on the rising equities in their homes. So why is today any different than other times of being told it was a great time to sell?
The speed of today's real estate market is causing buyers to write offers sight unseen, to offer thousands of dollars above list price, to waive contract contingencies like appraisals and inspections, and to...