Well with the bailout passing this Friday.  I am getting a lot of clients asking me what does this mean for me.   Well this is what I tell them.  With the government bailout of the banks or saving main street which ever one you want to call it should help lenders loosing up just a little bit. 

Lets face it the credit markets were tight.  When banks are scared to lend to each other do you think they want to lend to you and me?  NO.  This bailout will put money back into the credit markets that will allow banks to lend back to banks which in turn will allow them to not freeze your credit cards, home equity loan, or even lines of credits that employers rely on to pay their employees.

So can you buy a house now with the bill pass?  You sure can.  Interest rates are still at historical lows.  You still will have the tax benefits in buying a home and there is always personal reasons on why to buy.  This is a great time to buy a home don't let the media discourage you from buying there job is to sell advertising and the only way you will watch them is for them to interject fear into you.   So I say go ahead and buy just be smart.  Don't buy nothing that you can't afford.

Kenyatta Lampley
Lampley Mortgage Team
www.KenyattaLampley.com