Tag Archives: new mortgage rules

New Rules for Mortgages

New Rules for Mortgages

New Rule Requiring Banks To Make Sure Borrowers Can Actually

Basically, the Ability-to-Repay and Qualified Mortgage rule does what it says on the tin: lenders are now required to ascertain if borrowers stand a realistic chance of being able to repay a loan before one is issued.

Original article on http://consumerist.com Tue, 07 Jan 2014 20:43:31 GMT

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