Mortgage Rules Changes Are Coming in 2014

Posted by Bonnie Martin Designated Broker on Friday, November 22nd, 2013 at 7:16pm.

bank__olegdoroshin_450realtor.com - The world of mortgage lending has changed significantly since the housing bubble burst. Mortgage lenders have returned to traditional loan standards that require extensive documentation of income and assets for a loan approval.

Government regulatory agencies also continue to react to the housing crisis, with more adjustments to mortgage requirements set to go into effect in 2014:  Qualified Mortgage Rules, The 3 Percent Rule, Self-Employed Borrowers, Potential Lower Loan Limits.

To read more of this article, click the link below:

#facebooklike# 

Photo:  ©[Oleg Doroshin]/123RF.COM

Leave a Comment