New Mortgage Rules for 2020 with Chamberlain Real Estate Group
Posted by Jared Chamberlain on
New Mortgage Rules for 2020 with Chamberlain Real Estate Group
There is finally some good news in the real estate world when it comes to your financing and qualifications! As of April 2020 there are some new mortgage rules you need to be aware of!
If you are planning on purchasing a home, you could easily qualify for more. If you have been turned down by the banks or the amount you were qualified for just wasn't enough, it could be your time to finally make that jump.
We were talking with Lindsay Labrecque with Spire Mortgage Team from MMG Mortgages and here is the low down.
Buyers with less than 20% down will qualify at an average interest rate plus 2%, instead of the current Benchmark rate of 5.19%. Based on assumptions, this is a -0.50%…
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