Mortgage Standards Aint Getting Any Easier

http://www2.timesdispatch.com/business/2011/apr/09/TDBIZ04-the-nations-housing-for-april-9-ar-960902/


The federal government is proposing new mortgage finance rules that would curtail the majority of home buyer's in today's market. Only those who could afford conventional financing with a minimum of 20% down on their purchase would be able to take advantage of the best terms, products, and rates.

In addition to this proposal, the Obama Administration would also like to see stricter guidelines for purchaser's debt to income ratios, refinancing an existing mortgage, credit standards, and if you think you have to provide a lot of documentation to your lender now, just wait!?!?!

"These are all core features of what may be the most sweeping and conroversial set of changes in decades for the hosing and morgage markets," and are likely to go into effect mid-2012.

SOOOOOO TAKE ADVANTAGE OF WHAT IS BEING OFFERED TODAY BEFORE IT IS TOO LATE!!! I am happy to help in any capacity, so please do not hesitate to give me a call!!!