Don’t Believe the News, Home Loans are Being Written
Each day we hear on the TV, the radio and in print that banks are not lending money for housing. I am here to tell you that just the opposite is true. A few months ago few borrowers were seeking financing and the mortgage industry cut back on staff. It only took a day or two to get a mortgage approved back then but our clients were still getting loans and getting them quickly.
Now with the historicly low rates, lenders are jammed with new loans and refinancing applicants, and it is taking weeks to get loans approved. And I’m here to tell you they are still loaning money for homes.
Dont be affraid to get out there and find a house to buy. FIrst get pre-qualified so you will know how much you can afford. Then pick a great Realtor that knows the area you are looking in and start looking. There are some great deals on houses and on mortgages. Go, and make your dream of home ownership come true.