Hey guys,
So my fiancé and I were pre approved for a home mortgage a couple of weeks ago. On Thursday they let us know that there will be a new policy that increases the debt to income ratio requirement going into effect march 20th. We were unable to find a house and now, thanks to the policy, are qualified for 40k less for our mortgage. Obviously paying off debt is a good idea, but I'm wondering if this new policy is with all banks?
Read more: Home mortgage debt to income ratio new policy change?
