Terms Glossary

  • Ability-to-repay rule

    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…