Don't believe or buy in to the hype when the media says that there isn't any credit available out there!  It's just not true!

I have 5 loans I am working on presently, including;

an $800k refi

4 homebuyers looking for properties that are preapproved for loans ranging from $142,000 to $270,000.

Everybody wants a "smokin deal", and believe me they are out there!

Rates are currently holding at 6% on a 30 day fixed conventional or government loan (FHA/VA).

3% down is all you need.  A family member, employer or friend can also gift you down payment or closing costs.  A seller can contribute 6% (STILL) to your closing costs.

Additionally, for entrepreneurs and small business owners, I have been visiting the local banks this week to confirm that they have money to lend to startup businesses and they assured me they are ready and willing to lend.

My phone has been ringing a lot w/ 5 new applications last week and one so far this week.  My realtors phones are ringing too.

So don't buy the gloom & doom out there, folks - it IS what YOU make of it.

Have a great week, and call me w/ any questions.

best,

Melinda Potcher

Mortgage Maven

http://www.HomeLoansAlbuquerque.com

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