WHAT IS YOUR NUMBER? YOUR MAXIMUM MORTGAGE NUMBER
Posted by: Mike Hattim
What is the maximum mortgage amount one now qualifies for with the rules that came into effect on October 17th? Short answer: LESS. A minimum of 20% less, in fact. Before October 17th, the lenders calculated the maximum mortgage amount based on the contract rate of 2.49%, but now it is based on the Bank of […]
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