The process of financing a business or home has become more difficult.
I just completed a three-month-long refinance of my home. I have gone through this several times in my life. Never before have I had to provide so many documents to the underwriter. I have excellent credit, but the duplication never seemed to end.
Finally, we signed our loan documents with a notary. One week later, my broker called to inform me the lenders had changed their minds. I asked why. My broker said, “Because they can.”