The country’s largest source of mortgage money, Fannie Mae, soon plans to ease its debt-to-income (DTI) requirements, potentially opening the door to home-purchase mortgages for large numbers of new buyers. Fannie will be raising its DTI ceiling from the current 45 percent to 50 percent as of July 29.
Fannie Mae raises debt-to-income ratio to further expand mortgage lending July 27, 2017
Other Announcements, Events and Deals from Fairway Independent Mortgage Corporation
If you’re thinking about buying a home, knowing about mortgages and how they work is of the utmost importance. The team at Fairway Independent Mortgage Corporation in Minneapoli...read more
The majority of homeowners turn to mortgages for home purchases because it's not feasible to pay those sums out of pocket. While making your payments on time is a priority, you shoul...read more
There are very few ways to access the credit score that matters the most. As much consumer advocacy as exists in society, you wouldn’t think that would be the case. However, for what...read more
Number of Renting Households Decline for the First Time Since 2004 The 2017 Annual Rent Report prepared by ABODO showed that average Rents rose by 2.4% over the course of 2017. And ...read more