Two New Rules That Could Make Getting a Home Loan Easier - Guest Blog by Leo Turco of Superior Rate Mortgage
February 17th, 2021
Two new mortgage lending rules could help some borrowers more easily qualify for well-priced home loans. In December, the Consumer Financial Protection Bureau made some final changes to its qualified mortgage (QM) definitions that affect which loans can be guaranteed by the government entities. If you meet the requirements for a QM, you’re more likely to be offered better rates and terms than those who don’t qualify.