ATR (think the 'A' is for Arbitrary).
["criteria is calculated in the background of loan origination software. Hit a button and it tells you if you have a QM loan or not."] Yikes!
Call me crazy (old-school), Mr. B but 25 years ago we had something more prescriptive/definitive to go on. Remember the five C's? Well maybe that prescription WAS somewhat too General to go on! lol
Thank goodness for my C.U. when I became a 1st-time homeowner youth; when I couldn't exactly meet the "criteria," they tailor-made the Road possible . . . and that made All the difference!
Of all my financial decisions, home buying most Solid one - even when on the outside I didn't have a chance in Heloc  |
