InmanNews.com - "Feds to tighten 'exotic' real estate loan rules" (3-30-06)

It's a little later but better late then never I suppose. Will lenders pay for the creative loans being made? I personally have several friends who bought into the market late for fear that prices would never stop going up. They all overextended their budget and all got adjustable loans. They firmly believe that in a year, they will be able to refinance and switch to a fixed-rate. Anyone else have friends or family doing the same thing?

For more information about The Norris Group's California hard money loans or our California Trust Deed investments, visit the website or call our office at 951-780-5856 for more information. For upcoming California real estate investor training and events, visit The Norris Group website and our California investor event calendar. You'll also find our award-winning real estate radio show on KTIE 590am at 6pm on Saturdays or you can listen to over 170 podcasts in our free investor radio archive.