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#1816602 - 05/22/13 07:33 PM Annual payments prohibited?
Arizona Offline
100 Club
Joined: Nov 2009
Posts: 106
Are annual payments permitted under ATR/QM rules?

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Ability to Repay/Qualified Mortgage Rule
#1817485 - 05/24/13 06:42 PM Re: Annual payments prohibited? Arizona
NotDoneYet Offline
Gold Star
NotDoneYet
Joined: Jul 2010
Posts: 482
PA
I don't believe annual payments are not allowed, but you would need to divide it into 12 payments since they want a monthly result.

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