26 Oct

NEW MORTGAGE RULES AGAIN! JAN 1ST

General

Posted by: Tom Neeb

NEW MORTGAGE QUALIFICATION RULES COME INTO EFFECT JAN 1,2018 WHICH WILL CERTAINLY NEGATIVELY IMPACT MANY PURCHASERS. STRESS TEST RULES WILL FORCE LENDERS TO USE A SIGNIFICANTLY HIGHER RATE FOR QUALIFICATION PURPOSES WHICH WILL IN TURN REDUCE THE AMOUNT OF MORTGAGE WHICH CAN BE APPROVED. IF YOU ARE “SITTING ON THE FENCE” ACT NOW…GET PRE-APPROVED

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