It’s been nearly a decade since the Qualified Mortgage rule went into effect. As a quick refresher, loans that feature risky terms, such as interest-only, negative amortization, or balloon payments aren’t permitted under the QM rule. The same goes for mortgages with loan terms beyond 30 years, such as 40-year mortgages. On top of that,… Continue reading Are DSCR Loans the New Liar’s Loan?
The authority on non-QM loans.