All of these listed below are GOOD news! …More people will become eligible for loans.
* DU will allow up to 50% DTI without requiring any compensating factors
* If you get an approved/Eligible with disputed trade lines more often than not the disputed tradelines will not have to be addressed
* More Self Employed borrowers will be eligible for 1 year tax returns
* Tax Liens/Judgments will not show up on credit reports anymore
* Cash-out to pay off student loans will be treated as Rate/Term. No Cash out hit.
* Timeshares are always treated as installment loans.
That’s it for today!
Have a good day today! …and thanks for reading.
Brett
If you are thinking about buying a house, but you aren’t really sure if it’s…
Here is a breakdown of the maximum seller help amounts by loan program… Program: Conventional…
Your property tax bill usually comes out in late November, or early December. There are…
If you want to acquire rental properties, but you are having issues proving your income…
If you receive money from the State or a County sponsored organization for providing foster…
FHA gift questions come up often. I wanted to give you the rules on FHA…
