When the original R TEAM was founded many many years ago...we discussed listings, buyers needs and important topics that were impacting current real estate affairs. I'd like to do the same with this blog and if any R TEAM member wishes to post a topic...please speak up and I'll gladly appoint you as a Guest Author. Don't be shy!
One topic that you do need to be aware of is that if you have a buyer who is approved for conventional financing (loan amount of $417,000 or less) using interest only products (fixed or ARM) beginning Sunday, July 22, 2007, the guidelines for qualifying are changing dramatically. I just wrote an article about it at Mortgage Porter. This is a must read...click here.