Tag Archives: loan

New ‘Ability to Pay’ and ‘Qualified Mortgage’ Rules Take Effect

Qualified Mortgage

It may be a little bit tougher now for more marginal borrowers to qualify for home mortgages than it was just a few weeks ago. That’s because a series of new rules became effective on Jan. 10 that require lenders ...

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Home Repair Loans and Grants for Low-Income Americans

Home Repair Loans and Grants

Houses are a lot like cars in that if you don’t keep up on repairs, pretty soon they start to coalesce into one big, expensive pain in the neck. When the needed repairs are of a health or safety nature, ...

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Don’t Let a Low VA Home Appraisal Derail the Deal

Challenging a Low VA Home Appraisal

There is nothing worse in the home-purchase process than a low appraisal. Not only does it hold up the transaction, but it comes at a time when the buyer has cleared many of the other major hurdles of the purchase ...

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Is Seller Financing Right for You?

Is Seller Financing Right for You?

If you think lending standards have tightened over the past year, wait until you see what’s in store for next year’s borrowers. “Starting next year, qualified mortgage rules, known as QM, will expose originators to higher legal liabilities on loans ...

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