Thursday, August 16, 2007

Mortgage Industry is Changing, But We Are Still in the Game!

Alot of changes have happened in the mortgage industry over the last few weeks and we have been watching them move at a blistering pace.

To give you an example: I was working on an deal with our local rep from a lender that we use frequently. As I was explaning the scenario and the program I wanted to use, he informed me that I should get that locked in asap because they were doing away with those programs. We began to move forward in doing just that when he received a message on his blackberry that, effective immediately, they would no longer be offering these types of loans.

We simply moved the customer to another lender and made the deal work. As a broker, we have the flexibility to do that. Where others would have given up, we just keep plugging away until we have a solution that works.

While many brokers are closing shop, we are still helping loads of home buyers and owners with less than perfect credit to purchase homes and refinance out those adjustable rate mortgages. We have programs that many other lenders don't have access to. Credit scores in the 500's, 100% loans with no PMI, and great rates. We are also taking people out of high interest/adjustable rate mortgages and getting them prime rates. People are literally saving hundreds of dollars of month!

The market may be changing, but we are not. We are still offering great solutions to a large number of people that are not able to be helped by other banks and lenders. And we are doing it with a smile! Give us a call today and see what we can do for you!

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