What Wall Street Reform Means for Your Future Mortgage

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What Wall Street Reform Means for Your Future Mortgage

Wow, wouldn’t this have been a great idea from the beginning?  It takes time, effort and documentation to borrow large sums of money, what a concept.  The major impact?  Those who shouldn’t borrow money will not be able to and those that can the process will just take longer.  I have already upped my loan conditions deadline from 30 to 60 days now for all my buyers.  If you’re qualified it is one of the best times in history to get that dream vacation home in Crested Butte.  Give me a call.

Whether you are inquiring about Crested Butte homes for sale, Crested Butte condos for sale or Crested Butte land for sale or wish to sell your Crested Butte home, condo or land I have vast knowledge of the Gunnison Valley to assist you. As a Benson Sotheby’s International Realty real estate agent and Realtor I have unrivaled access to qualified people throughout our global Sotheby’s network. Please take a moment to get to know me better by clicking About Me and Testimonials. You may search the Crested Butte MLS listings via my Crested Butte property search page anytime of the day as well as set up My Listing Manager to notify you of new property listings. Contact me anytime of the day to obtain my expertise as your resort property specialist in the Crested Butte area as I am committed to unparalleled service.
Regards,

Corey Dwan – REALTOR
Benson Sotheby’s International Realty
P.O. Box 210
433 Sixth Street
Crested Butte, CO 81224
970-596-3219 Cell
970-325-3219 World Wide Cell
970-349-6653 Office
970-797-1810 Fax
www.CrestedButteForSale.com

What Wall Street Reform Means for Your Future Mortgage

NEW YORK (CNNMoney.com) — Predatory lending would likely become a thing of the past if proposed regulatory reform rules are put into practice. And that may mean that mortgages get more expensive and more difficult to get, lenders warn.

The new rules, which Congress is expected to vote on this week, require that financial institutions ensure that borrowers can afford to repay the mortgages they are sold. Lenders would also have to tell borrowers the most they might pay on an adjustable rate mortgage and explain that payments will vary when the interest rate changes.

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