11.20.15-Great rates today! And some aggressive guideline updates!
The underwriting window has just been opened a little wider. Announced today rate term refinancing and purchase loans are allowed with debt to income ratios over 43%! What this mean to your clients on a $200,000 purchase or refi is an upfront savings of $3500 and cuts your monthly mortgage insurance in half for loans over 80% loan to value. Add this to our no lender cost loans and our lowest rate guarantee and it is a WIN all around for us all and especially for our clients! Don't forget to SHOP SMALL at your local small businesses this Holiday Season!
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