Stricter mortgage rules (coming to your bank soon?) is the title of the Denver Post article by Aldo Svaldi (Sunday, Nov 10th, Business Section)…  specifically the part of the title that states Lenders fear that the regulations, designed to protect consumers, could choke the market. Really?  These are new regulations that will be deems as stricter mortgage rules will be put into place to protect the consumer? How new challenges are real estate buyers, that will also impact sellers, are consumers going to encounter with their lender to secure a mortgage to buy a house?

Or perhaps this the Lender’s ploy for their desire for more “protection” (not sure from exactly what)? Contemplating a new loan, refinance, or commercial loan? These Lender changes are taking place soon.  So if your are anticipating buy a home, there are key regulations to know about as you go through the purchase process.  Sellers are effected as well, not only the Buyer/s attempting to purchase, or the process of purchasing a replacement property.

Click Here for the Post/Svaldi article.

Cliff Daniels
720 434 1418
cliff@actprop.com
Actprop.com