In this video, I go over what a QM loan or Qualified Mortgage loan is, and how you might interact with it as a Mortgage Loan Officer. It helps highlight the most important features of the QM loan, such as what Ability to Repay is (and how it's met), how to calculate a Debt-to-Income ratio, and what kinds of loans Qualify as QM (and which ones don't).
If you are into personal finance or just want to know more about what it takes to be a professional mortgage loan originator, this is the channel that is going to try and help you get to where you want to be. Leave me a like, and consider subscribing!
