Mortgage Lending: The NEW Rules

If you’re shopping for a mortgage these days, it’s a whole new world out there.

many of the subprime loans that helped fuel the housing boom – those that didn’t require borrowers to show any proof of income, or that let homeowners make minimum payments – are are simply no longer available.

But even buyers looking for a traditional mortgage are now faced with different factors to consider.

Here is what you need to know…

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