credit report: Qualified Residential Mortgages - New Rules Effective April 2012!
- 04/12/11 07:53 AM
Are You Aware of the New Lending Laws Changing in April 2012? Do you know what will be required to obtain a Qualified Residential Mortgage? I was minding my own business this morning getting ready for work and listening to the news, but stopped in my tracks when the TV host said, "and lenders will require a minimum of 20% down on home mortgages..." What?! The speaker went on to explain that as of April 2012 new lending laws will establish a QRM or Qualified Residential Mortgage. These new rules include: minimum of 20% downpayment minimum equity of 25% to qualify … (3 comments)
credit report: Freeze! Your credit...
- 03/14/10 11:00 PM
To help protect against Identity Theft try a Credit Freeze. The 3 major credit reporting companies - TransUnion, Experian and Equifax - allow you to freeze access to your credit reports for a fee of $5/Freeze. Once a Credit or Security Freeze is placed on your account, credit reporting agencies will not release your information to anyone. If someone tries to use your identity to open a credit card or take out a loan in your name, they will be denied access. A "Personal Identification Number" (PIN) allows you, for the same small fee, to lift the freeze when you … (5 comments)
Are You Aware of the New Lending Laws Changing in April 2012? Do you know what will be required to obtain a Qualified Residential Mortgage?
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