In a nutshell, it will be much more difficult to get approved for a loan, and fewer choices.There are countless sources for the details of this reform, and it's rather wide-sweeping, but here's a summary of how it affects mortgages:http://www.quickenloans.com/blog/new-qualified-mortgage-rules-effect

Howdy BP,

I will be giving updates on this project periodically. Feel free to ask questions to drive what I write:

Here is where is started, and here is the November update:

Thank for the idea Ji...

I'm basing this on what I hear from various podcasts and blogs since I don't have any real experience in the area (other than a purchase I negotiated for my Dad in 2010).

Be sure to check out all the area of the site like the blogs and podcasts.

Over the next few weeks I will blog about these points in a series of blog posts.

Wish I had discovered them sooner!

I'm finally trying my hand at blogging, and after creating my first entry, it appears all run together, with no breaks between paragraphs, etc.

In fact I chose to use the business plan template that @J Scott provides on his blog.

Bill Gulley - Id be interested in your take on this, as I am considering a post entry relative to this for the BP blog.

I've been unable to find others like me so much that I started a blog about my journey so that when I did find others, I'd at least have it documented.