need a loan virginia beach norfolk chesapeake

Reason First-Time Homebuyers May Hesitate to Buy: Industry Regulation

Posted on October 9, 2014April 1, 2015 by shikma.rubin@gmail.com

Information for first-time homebuyers who need a loan or mortgage in Virginia Beach, Norfolk and Chesapeake: We all know about the housing market crashed in 2008-2009. It happened in part because lenders approved borrowers with little to no income or credit documentation. It was a recipe for disaster.Today, the rules to obtain a loan are much tighter Read more about Reason First-Time Homebuyers May Hesitate to Buy: Industry Regulation[…]

CFPB Unveils New Rules to Make Home Loans Safer

Posted on February 5, 2014May 13, 2014 by shikma.rubin@gmail.com

Back in January, the Consumer Financial Protection Bureau (CFPB) released a set of rules designed to make home loans safer and involve fewer surprises. The CFPB has now introduced the concept of a “qualified mortgage,” which means you meet certain criteria and prove your ability to repay the loan. With a “qualified mortgage,” you avoid unnecessary borrowing risks, and lendershave limits on how much Read more about CFPB Unveils New Rules to Make Home Loans Safer[…]