The ability-to-repay rule is the reasonable and good faith determination most mortgage lenders are required to make that you are able to pay back the loan.
Ability-to-repay rule Resources
- What is the ability-to-repay rule? Why is it important to me?
- Requirements of Ability to Repay
- Mortgage Rules on “Ability to Repay”
- Updated Ability-To-Repay and Qualified Mortgage Requirements from the Consumer Financial Protection Bureau (CFPB)