Learn more about the Ability-to-Repay rule

by Sabrina I. Pacifici on February 13, 2013

“When you apply for a mortgage, it can sometimes be hard to understand how much of a monthly payment you can afford. That’s why the Consumer Financial Protection Bureau introduced the Ability-to-Repay rule, which requires lenders to ensure that you can pay back the loan (plus interest) over the long term.”

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