Reminder! Stress test is going up!
Posted by Sean Thomas PREC on Friday, April 16, 2021 at 1:10 PM By Sean Thomas PREC / April 16, 2021 Comment
|Reminder! Stress Test Is Going UP!|
Did you catch our article last week on the stress test increase on conventional mortgages? If not, check out the full article here.
This is an important change as a large portion of our lending market is conventional money. This change will affect all those whom are trying to refinance their homes for debt consolidation, and those trying to purchase homes with 20% or more down on 30 year amortizations.
Post is provided by David Steinberg at Olympic Mortgages