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 changed.