The Road Ahead: Home Finance in 2014
2013 is now behind us, and with 2014 underway, what kind of changes can we expect in home finance? The short answer: more regulatory hurdles, more due diligence by lenders, & somewhat higher interest rates & costs. What a way to start the new year! It is not all bad news though. It is important to keep perspective with regard to these changes, & there is no reason that folks should be frightened away from a home purchase. For many borrowers, the extra due diligence & regulations will be transparent, & will have minimal impact on their loan application. Over...