Lender Rule Changes
The April 1st deadline is fast approaching for mortgage changes being passed down to us from the government. Some anticipated changes are increases in down payments, increases in fees, appraisal changes and more. The net result although not certain is going to be an increase in red tape. This undoubtedly will changes for our own good yet lacking the true good we as consumers are looking for in this post banking melt down world.
Bottom line is buy before the changes occur and for sellers, do what you can to sell prior to the changes. The opportunity for buyers and sellers to help each other in March is a true double win.
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