New Fed Rules Affect Sedona Subprime Loans
Sedona real estate and the new Fed rules
The Fed is continuing to become involved in attempts to fix the economy. The latest includes new Fed rules that will affect Sedona subprime loans.
While many with Sedona luxury real estate will not be affected, there are those looking for other Sedona homes that may find that the new Fed rules will make getting a home loan more difficult.
The new Fed rules require lenders to check into borrower’s financial histories carefully, and Sedona subprime loans can only be made to those who can afford to pay them — even after the mortgage reset.
For more on Sedona home loan programs, or to see Sedona luxury real estate, contact Claudia Ault.
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