What Do Lending Changes Mean for You?
July 17th, 2008 categories: Market Trends
It appears we can expect home loans to be back to Full Doc only by late 2009. See the changes approved by the Federal Reserve
This is like it was in the old days 20 years ago. There may some versions of Limited Documentation but the good old Stated Income Loans may be difficult to find by late 2009.
This maybe a good time to get off the fence if you’re Self Employed/Stated Income type buyers?
Start looking for homes in Phoenix.
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