Effective January 10th 2014, the pendulum of mortgage underwriting is going to be taking another swing towards facilitating a safer lending environment for the residents of Massachusetts. The Consumer Financial Protection Bureau, or CFPB for short, has recently finished creating the Qualified Mortgage rule (QM). This new QM will become the blueprint that the vast majority of MA lenders will begin to utilize for qualifying mortgage applicants. Read more…
Posts Categorized: Uncategorized
The Gift of Equity Down Payment Option
One of the most important aspects of preparing your finances to purchase a new home is deciding how you are going to come up with your initial down payment money. There are several options that can be considered, but one that is often overlooked is Read more…