A New Lending Landscape
How to find a lender to buy and build your dream home.
If you haven’t applied for a mortgage loan recently, say in the last 13 years, then you will likely be in for some surprises when building your new log and timber frame home. That’s because the lending space for housing has changed dramatically.
It all started way back in 2010 when the Dodd-Frank financial reform law was signed by President Obama. The loose lending practices of the early 2000s led to the housing market meltdo