An Update About Home Affordability & Loan Qualification
The mortgage interest rate is one of the most important indicators of home affordability. Even though mortgage rates are currently low, we’re actually finding out that it may soon become harder to qualify for a mortgage. Today we’ll discuss why that is. First, think back to the housing crisis of the late 2000s—back then, government entities allowed those with higher debt-to-income ratios to qualify for loans. By 2021, they may lower that ratio once more. To find out what that means for you, watch our latest video.
Learn more: https://bluefuserealty.com/an-update-about-home-affordability-loan-qualification.html