I just wanted you to know that there will likely be a
change to home mortgage qualifying guidelines that go into effect on 1-10-14.
pre-qualified and pre-approved clients may not qualify for the same purchase
prices if they haven’t secured a contract by that date. The Consumer Financial Protection Bureau (CFPB) is
implementing its Ability to Pay guideline that will likely drop the total debt
to income ratio to 43%. Qualified buyers may be approved above that
figure right now.
Now may be your best best to get the biggest bang for your buck. Call me, let's go shopping!
Author:Michael Bray Phone: 915-549-1770 Dated: November 29th 2013 Views: 7,009 About Michael: ...
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