Blog

Mortgage Changes

(November 29, 2017)

As you may know we have some new mortgage changes coming down the pipeline January 1st. You should be aware of the 1st hand effects this is going to have on you as a buyer!


What are these changes?
Buyers with 20% or more will be qualifying at the same rates as those buyers with less than 20%. At either benchmark (currently 4.89%) OR contract rate plus 2% (so today’s best conventional rate 3.14%+2%=5... read more.