Freddie Mac does not require a revolving account that has been paid off to be closed!

Freddie Mac-Revolving Debt Pay Offs:  Does Freddie Mac require that revolving accounts be closed, when debts are paid off to be excluded in the DTI? Answer: There was a time that Freddie required closing of a debt when paying it off to qualify.  Freddie no longer has that guidance.  An excerpt from the Freddie selling guide […]

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