With the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 set to go into effect on January 1, 2014, consumers may find it more difficult to get a mortgage next year.  According to the provisions of the Act, lenders may have to deny customers for a mortgage next year who would otherwise qualify for a mortgage this year.  An estimated 48% of individuals who would qualify for a mortgage today will not quality in 2014.

For reasons why and tips you can use read, “Qualifying for a mortgage will be harder in 2014, so refinance now.”