mortgage transaction

HOW DO LENDER’S DECIDE? Downside

The fact that maximum expense ratios may vary with other characteristics of the mortgage transaction, it may pose as a downside to the borrower. To illustrate: the maximum ratios are often lower and more restrictive for any of a long list of program modifications: if the property is co-op, a condominium, a second home or that it was developed for investment purposes and not residential, the borrower is self-employed, the loan is cash-out refinance home loan or a combination of any of these.