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How Will the 2014 Mortgage Rules Affect Your Ability to Buy Catskills Real Estate in New York?

2014 Mortgage Rules

 

"No debt traps. No surprises. No runarounds. These are bedrock concepts backed by our new common-sense rules, which take effect today,"  - Consumer Financial Protection Bureau Director Richard Cordray, January 10, 2014

Last week the Coldwell Banker Village Green Realty "fam" met with a professional at Ulster Savings Bank to discuss how the the Mortgage Rules instituted by the Consumer Financial Protection Bureau this January might affect our buyers. 

In the past 7 years I've bought 3 different homes. They were all for my family to actually LIVE in. So,  I know exactly how nerve wracking fretting about whether you'll qualify for a mortgage can

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