Middle-class buyers may feel squeeze of new mortgage rules – Toledo Blade


Middle-class buyers may feel squeeze of new mortgage rules – Toledo Blade.

 

On Jan. 1, banks may not approve mortgages for applicants whose debt-to-income ration is over 43 percent and must limit origination fees to no more than 3 percent of the loan amount. 

 


Read more at http://www.toledoblade.com/Real-Estate/2013/10/13/Middle-class-buyers-may-feel-squeeze-of-new-mortgage-rules.html#odAUFEU4Mc1Emb7k.99

Advertisements

2 thoughts on “Middle-class buyers may feel squeeze of new mortgage rules – Toledo Blade

  1. Pingback: #1 Mortgage Loans After Bankruptcy Louisville Ky | Kentucky FHA Mortgage Loans

  2. Pingback: Kentucky First Time Home Buyer loans for FHA, VA, KHC, Kentucky Housing, Rural Housing USDA Loan, 100% Financing, | Kentucky First Time Home Buyer Mortgage Loan

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s