It seems like each time we turn around, more changes face borrowers looking for home loans.  The latest difference to our home loan process is part of the Mortgage Disclosure Improvement Act (MDIA) of 2008.  It could delay closing a few days if significant changes are made on the amount of the loan APR (effective interest rate after considering all the costs associated with the loan)at the last minute.  There is a new 3 day waiting period from the time the Truth In lending Good Faith Estimate is given to the borrower when changed significantly until a loan can be closed.  If both parties agree to change the price due to repairs, possession, or if the loan packet is no longer available at the last minute due to underwriters tightening loan requirements, buyers could be subject to the waiting period.  Buyers beware!