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Tag: fixed-rates

Underwriting Guidelines are Tightening Up

Both Fannie Mae and Freddie Mac are tightening up their underwriting guidelines making it tougher to qualify for conventional mortgages (loan amounts $417,000 or less for single family dwellings).    
Some of the most significant change is how borrowers are qualified when using a mortgage with an interest only feature.

Fixed Rate Mortgages (ex. 30 year fixed [...]

Posted: July 19th, 2007 under General Real Estate, Mortgage and Lending.
Tags: , , , , , , , , ,
Comments: 88