There is a lot of discussion about Qualified Mortgage and Ability to Repay, but will they affect your home purchase in 2014. This interview with Jeremy Durkin of Prosperity Mortgage covers the main points. The main thing this is only going to affect about 5% of loans. Most mortgages today are already following many of the requirements but in a slightly looser form.
If you have any questions about buying a home or obtaining a mortgage along the Main Line contact us.
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