June 5th, 2014 2:51 PM by Christopher Lear
What the Qualified
Mortgage Rules Mean to You!
I’m pretty sure
that within the last few months, you’ve either read about or heard the news
about the “qualified mortgage rules” that the Consumer Finance Protection
Bureau (CFPB) has implemented to make sure that home loans (both purchase and
refinance) meet certain criteria.
Even if you are not
in need of a mortgage loan right now, I’d like to share with you 6 things
you’ll need to know about when it’s time for you to obtain a new mortgage.
The whole goal is
to avoid the mortgage crisis that occurred a few years ago. If you are thinking
of buying another home or refinancing, let’s talk—because the rules have