Norman 's Bloghttp://activerain.com/blogs/mortgageguynorm2008-05-21T15:20:40ZNorman Martin (Consumer Mortgage Group)Stated Programs are still available!http://activerain.com/blogsview/519347/Stated-Programs-are-still2008-05-21T15:20:40ZNorman Martin (Consumer Mortgage Group)
<p><strong>Do you think you qualify for a stated loan?</strong> If you have a very good credit score and a low LTV on your property then you may be able to acquire a stated loan. Be prepared to show proof of reserves for 3-6 months. Lenders that are still doing stated loans are verifying that you will be able to make your first few mortgage payments. </p>
<p>Due to mortgage abuse (which led to the crisis), lenders that are still offering stated programs have really tightened their belts. Lets face it borrowing is not what it used to be. but then again the lenders are not who they used to be either.</p>
<p>Stated mortgages are still available but you must be prepared.</p>
<p>If you can provide full docs, it will still get you the best rates. Also with full docs FHA loans will still get you some of the best rates around.</p>
<p> </p> Do you think it is difficult to get a mortgage?http://activerain.com/blogsview/509899/Do-you-think-it2008-05-14T13:42:09ZNorman Martin (Consumer Mortgage Group)
<p>Getting financing is NOT what it used to be. With the fallout in the sub prime market it has effected virtually all borrowers. There is some alternative solutions available. If you can go full doc to obtain a mortgage there is an answer. Both conventional lenders as well as FHA approved lenders can get you the financing you need to buy your new home or refinance your existing loan. You will be suprised to see just how many of you will qualify for a sensible loan. I'm here to answer all of your question.</p>
<p>Norman</p>