Buying a New Home? Get Trusted Mortgage Advice Right Away!
August 7th, 2007As credit risk fears continue to unfold nationally in the mortgage industry, it is clear that investors have less of an appetite for non-conforming loans. This is no longer just a sub-prime lending issue. Guidelines with most national lenders have changed drastically in the last 48 hours. It is now more critical than ever to work with a mortgage professional that you trust and one that has vast resources and options for borrowers. Lenders have already tightened and in some cases, eliminated stated income loans and at the very least will be very restricted on higher risk jumbo loans. As the credit market tightens, working with a trusted mortgage broker becomes a huge benefit to you. We are all being impacted, but there are still vast resources available to fund loans. Use a lender that prides themselves on being in the know and are making it their business to investigate current lending guidelines for all of their lending resources.
As Realtors and professionals, we need to take this very seriously and protect our client’s transactions. Platinum Capital prides itself on being an industry leader and will protect the borrower and their transaction. This is not a time for borrowers to get greedy and shop for the “best deal”. This is a time to work with professionals with the experience and knowledge to close deals on time. Platinum Capital has moved many loans this week from threatened institutions to ones that will remain strong during turbulent times. This is the benefit of an experienced mortgage broker. One institution does not give you the resources you need to be successful in today’s market.
Platinum Capital welcomes your calls and look forward to continued success for 2007!
Be sure to call my resource for funding:
The Platinum Team
JoAnn Maisch, Vice President
Platinum Capital Group
www.Platinumcapital.com
mrtgbroker@aol.com
(310) 796-5600 x334
For more insider advise on the current mortgage industry situation, see the following top rated websites:
http://housingpanic.blogspot.com
www.consumermortgagereports.com
If you enjoy these sites, let me know! I’ll make sure and include them in more articles.
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