If you have spoken to your lender recently, you may be aware of new rules and regulations that are in place now for new mortgage as a part of the Dodd-Frank law.

One change is debt-to-income ratio.

Here is a link from the Consumer Finance Protection Bureau explaining what the new rules mean for you:


You may find this information helpful!  Contact your lender of choice if you have specific questions about your loan options.

CBS News YouTube Video: