Sentences with phrase «latest mortgage qualification»
The poll found that just over half of buyers were aware of the latest mortgage qualification changes and about one in five noted that the latest changes affected their purchase decision.
http://www.moneysense.ca/ Not exact matches
Mr. Dodge was later reassured the new products would not lower mortgage qualification criteria.»
Rising mortgage rates and tighter mortgage qualification rules have hit first - time homebuyers particularly hard, and activity was pulled - forward late last year in advance of the new OSFI rules.
So in short, a prospective homeowner can buy after short sale with FHA right away (and VA) if there are no late payments and other nuanced conditions are met, after one year using the FHA Back to Work program and after 3 years if there are late payments on the mortgage and / or installment debt and qualifications aren't met for the previous two options.