A New “Credit Card” Rule Is Making Mortgage Qualification Easier Than Ever

[fa icon="calendar'] Oct 4, 2016 11:46:19 AM / by Eustis Mortgage posted in mortgage news, mortgage qualification, credit card rule

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This year, nearly two-thirds of loan applications have been approved by mortgage lenders—and with a new “credit card” rule, these numbers are only expected to increase. According to the Federal Reserve, Fannie Mae has completely changed the way mortgage lenders calculate a borrower’s debt by altering the credit reporting industry.

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