There are many changes that take place in the mortgage and loan industry ti keep banks, lenders and invester on the same track and to keep the market stable. In the past changes to loan products, interest rates and bank lending regulations only came every once in a while, but lately these changes are happening every day. These changes effect borrowers and buyers who are in the proccess of purchaing or refinancing. The changes are both positive and negative to the consumer. Positve in a way that lenders are making certain that there will not be another mortage meltdown and bundles of foreclosures. Also positive becuause rates are dropping daily. The negative effect is not seen by all, but is there and very costly to some. Those looking to invest in Real Estate and others that are in different ARM loans. Many of the loans that were avaliable months ago do not exist anymore. This causes some borrowers to look for new loan products and change their investment strategy. While from the outside these changes look safe and good for the market, it has a deep impact on those investors and borrowers that have been paying on the ARM loans for years and helping the market by purchasing, renting and re-selling properties.
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