Bigger home... not so fast.

Lenders are closing their doors, and new lenders are not popping up as fast. Why? Because the government has finally stepped in to monitor lenders. The lenders are now required to be licensed and have background checks. Buying a house can still be painless, but getting in over your head will be harder.
The government is tired of the foreclosures and homeowners are too. Now, the buyer will be getting into a loan they can afford today and will still be able to afford two or three years from now.
FHA loans will be popular again in the future and the adjustable rate mortgages will be disappearing. This is a good thing. We surely don’t ever want to get someone into a house they can’t afford today or tomorrow.