Tel: 719-592-0115
Email: dan@strong-tower.com
What is the Qualifying Rate?
March 13, 2019
In 2010, the Department of Finance introduced the Qualifying Rate as a new way to assess borrower eligibility and ensure borrowers can handle their payments should rates begin to rise. Your lender will use the qualifying rate to calculate your debt service ratios, which must be at or below their guidelines.
The Mortgage Broker - Where mortgages are only the beginning
Address
5350 N. Academy Blvd., #205
719-592-0115
dan@strong-tower.comMLO License Info
Mortgage Corporation | NMLS# 12345
Ron Beckert NMLS# 12345; VA Mortgage Loan Originator License #MLO-12345AB;
Mortgage Loan Originator License #ML123456.
We love to hear your reaction
Comment Cancel