Changes Mean More People Qualify For Home Loans

Changes Mean More People Qualify For Home Loans

New HOPE for home loan borrowers!


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Changes are coming that will allow more people to qualify for a mortgage!  


WHAT ARE THE CHANGES?


1.  Tax liens and civil judgments from some consumers' profiles isn't complete, so they may be dropped.
2.  Mainly due to increased student loan debt,  Fannie Mae and Freddie Mac are allowing borrowers to have higher levels of debt and still qualify for a home loan. 



Click the link below to read more information on the changes from CNBC.

http://www.cnbc.com/2017/07/05/two-major-lending-changes-mean-its-suddenly-easier-to-get-a-mortgage.html


WHAT DOES THIS MEAN?

More consumers could qualify for a home sooner than they could have prior to these rules changes. Some borrowers even 5-7 years sooner.


Find out how this affects you!  

Call your trusted lender today!


Lisa Handley Headshot
Author:
Phone: 612-390-6520
Dated: July 6th 2017
Views: 323
About Lisa: TEAM LEADER & Sales Manager for TC Specialists is LISA HANDLEY - 612-390-6520. Lisa is a native of M...

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