Real estate blog entries tagged with preapproval by Robert Ashby Photography

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Home : Blogs : Robert D. Ashby : Florida's #1 Mortgage Planner - Managing Equity and Debt Strategically™ : Tag "preapproval"

preapproval: Realtors, You should be scared right now! - 06/09/07 07:11 AM

Why did I start off with this statement? The recent destruction in the Mortgage Backed Securities market has driven interest rates up significantly recently.
That means one thing. Your buyers cannot qualify for as much of a mortgage as they used to!!!
That's right, if your buyer has not locked a loan (and if they haven't signed a contract yet, guess what) they are more than likely not "pre-approved" anymore. That means you need to rethink your list of homes that you should be taking your client to this weekend.
The fact of the matter is that interest rates have risen as much … (7 comments)

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Robert D. Ashby

Miramar, FL

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