Standards have changed when qualifying for a mortgage.
The housing market is strong and steady but the government is taking measures to ensure that new home owners are in a good financial position when qualifying for a mortgage. Ultimately, the government announced three changes made to the standard of Government backed mortgages.
The first change is whether you are looking to qualify for a variable mortgage, short or long term mortgage; one must be able to qualify for a five year fixed rate. ...
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posted in General
at Wed, 17 Feb 2010 13:41:50 -0800