Wednesday, June 2, 2010

Mortgage lending has changed

By Robyn Davis Sekula

It would seem that this is an ideal time to buy a home. There's plenty of inventory, and many sellers are willing to deal - especially if their home has been on the market for quite a while.

However, lending terms have changed - DRASTICALLY. Here's a great overview of the six ways that lending has changed for mortgages on investopedia.com. It's recommended reading for anyone who is thinking of buying a home.

http://financialedge.investopedia.com/financial-edge/0510/6-New-Hurdles-For-Home-Financing.aspx

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