Tag Archive for: borrowing

As some of you may know, there have been some imposed changes that will decrease our borrowing power when it comes to purchasing a home.  As of January 1, 2018, you will need to qualify under more stringent rules in order to get the mortgage you desire.

Assuming all other factors remain unchanged, once the new changes are in effect you would qualify for an amount 18% less than you would under the current mortgage rules.   Read more