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.
5350 N. Academy Blvd., #205
719-592-0115
dan@strong-tower.com
Mortgage Corporation | NMLS#
Dan Bathje Owner l NMLS#
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