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Understanding the ‘Qualified Mortgage’ or QM and Why It’s Important to New Home Buyers

July 1, 2014 by Michael Addison

Are you shopping for a home or a new mortgage? If you are interested in finding the best possible financial product, it is important to consider the benefits of selecting a Qualified Mortgage. With so many different types of loan products to choose from and financial terms to learn, schooling yourself on the mortgage market before you buy your first home or apply for your first refinance mortgage may seem like a daunting task. Luckily, there are resources that are designed to help you learn the basics of products and terms so that all consumers have the power to inform themselves before securing a loan. What is a Qualified Mortgage? There are many different categories of home loans that … [Read more...]

Filed Under: Home Mortgage Tips Tagged With: Mortgage Loan Information, Mortgages, Qualified Mortgage

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