Here’s a quick update on the new federal mortgage rules taking effect November 30.
We will continue to accept insured mortgage applications for refinances, rental properties and 30 year amortizations until 5 p.m. on November 25, 2016.
We want to ensure that those deals in our queue are processed and approved ahead of the federal deadline on implementation of the new mortgage rules. Following 5 p.m. on November 25, we will accept applications for refinance and property investments under our Uninsured Mortgage Program.
Uninsured Mortgage Solutions from XCEED offer you:
- Flexible solutions for borrowers with fully verifiable income who have bruised credit and/or no longer qualify based on new rules
- Competitive interest rates starting at 3.59%
- Best-in-class compensation starting at 70 bps