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Found 2 blog entries tagged as "finance".

 Worried about the market after the election? When we research and review market trends, we commonly see consistent trends of drops during and close to the November elections. These trends can be seen up to a 15% decrease, depending on the current consistency of the market and current rates. This year has been very interesting as we have seen interest rates as low as they have ever been for purchasing.

Santa Fe New Mexico Sunset

Another key factor we must review is inventory. This is subjective to your location in the country. In our case, we will be referencing Santa Fe, New Mexico. Our wonderful town where we work and sell. In the past year, we have watched the market trend upwards and follow pricing increases as inventory has stayed low and interest rates have kept on a…

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Understanding the debt to income ratio is essential for financing aspects when you are looking to purchase your first home. Many times we focus on keeping a quality credit score and overlook the importance of understanding and preparing a debt to income ratio. I know the first time I started the home buying process. I had never heard the term. It wasn’t until I sat in the finance office of a Wells Fargo Bank that I learned the importance of debt to income ratio would play in my financing.

calculate debt to income ratio The debt to income ratio is a reasonably simple division problem. You divide your monthly payments by your monthly GROSS income. Notice my emphasis on Gross income as opposed to net income. Monthly gross income is the total income you bring home ( just remember…

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