In an already difficult lending environment as of December 12th Fannie Mae is updating their underwriting standards to make obtaining a loan just that much more difficult. One of the main changes is they are lowering the bottom ratio for qualifying for a loan from 50% to 45%. The bottom ratio is the amount that includes your monthly obligations and your  house payment. If your considering a refinance (which now is a really good time) you need to get your application in and underwritten by December 11th to be able to use the current guidelines. For some this could be the difference in being able to qualify. If your interested in refinancing here is a link to my secure online application. When Considering Refinancing in Denver, Commerce City or the State of Colorado please give me a call Andrew Hahn