IT'S A BUYER'S MARKET OUT THERE!!!!!!!!1

Hear me out: the combined Real Estate/Mortgage markets will suffer for another two years. The facts are clear, after having lead the economy for the last five years, the market was ready for a correction. Wall Street lost its appetite for highly risky loans made to speculators of all types.

Lenders who relied on WS as the main source of funds ARE OUT FOR GOOD. Remember that subprime loans represented less than 5% of the whole market, this simply means that there is a ton of money STILL AVAILBLE to be lent.

If you can document your income, your employment history and your assets, YOU CAN GET A GOOD MORTGAGE.

Property values are down in most markets for the simple reason that there is a high inventory, use your buying power now.

If you want to refinance, get rid of an ARM or a BALLOON, or you want to buy , do it now.
Contact me if you have any questions.