Remove Debt Remove Finance Remove Income Remove Plans
article thumbnail

Rapidly Rising Student Debt Keeps Millions from Homeownership

Pro Builder

Rapidly Rising Student Debt Keeps Millions from Homeownership. Student loan payments are holding many Americans back from becoming homeowners by keeping their debt-to-income ratios high. A 2019 survey by Zillow found 39% of potential buyers said student debt delayed their homebuying plans. cbroderick. Read More.

Debt 59
article thumbnail

Biden Announces New Plan to Help Homeowners Save on Mortgage Costs

Pro Builder

According to the White House, more than 80% of FHA borrowers are first-time homeowners, and over 25% of the homebuyers are people of color; the program does not have a minimum income level to qualify, but debt levels and credit ratings are still taken into account. percentage points to 0.55% for FHA-insured mortgages.

Plans 52
professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Phases of Commercial Real Estate Development

Construction Marketing

After acquiring the property, the developer must design and plan the project, considering factors such as building codes and zoning regulations, the intended use of the property, and the target market. You must secure financing for the project. This includes creating a detailed project schedule, budget, and phasing plan.

article thumbnail

John Green’s Plan to Eliminate Predatory Lending Practices

Pro Builder

Blackstar Stability’s revolutionary approach to refinancing and restructuring distressed debt products earned the company a 2022 Ivory Prize for innovation in finance, but Green says the work has only just begun. We focus on properties encumbered by forms of seller financing that are often problematic.

Plans 52
article thumbnail

What You Should Know Before Taking a Construction Loan

Construction Marketing

A construction loan is high-interest, short-term financing that you can use to custom-build your home. It covers land acquisition costs, building materials, construction permits, labor, contingency and interest reserves, closing costs, and plans. Discussed below are the things you should know before taking out a construction loan.

article thumbnail

California Could Cover 45% of a Home Purchase for Eligible Buyers

Pro Builder

California Senate Democrats proposed a new program as part of its Build Back Boldly budget plan that would assist first-time homebuyers with purchasing by paying for—and owning—45% of the property. Eligibility for the program is based on income levels, and eligibility of the homes is based on home price. Housing Policy + Finance.

article thumbnail

Making Sense of the Construction Tax Landscape

Viewpoint Construction Technology

One of the biggest challenges that contractors’ finance and accounting departments face is keeping up with all of the ever-changing tax regulations, incentives and procedures. Staying on top of tax issues is a full-time job, but one that can ensure your company stays compliant with the law, and maximizes benefits and incentives.

Viewpoint 192