Just smile if you can hear me.....
..... listen up doom and gloomers ~~ 
The media hype is killing the mortgage lending business and it makes no sense why. All I hear on the TV channels is how tight credit has become and that banks are not willing to lend money. Well I got news for you.
I am still approving cash out refinances up to 95%! I am still approving loans for first time home buyers. I am still offering rates in the mid 5's with appropriate credit, loan-to-value, income and assets. I still allow non occupant co borrowers.
And you know what - all mortgage lenders have the same rules!! The programs are out there. Now is the best time in years to purchase a house or refinance your adjustable to a fixed rate. Even cash out for whatever need. These loans are being approved every single day.
DO NOT listen to the media hype. It makes no sense as to why the mortgage lending business is slow at this time. The guidelines allow every loan scenario listed above to be approved. Nobody knows what the future will bring but as of right this very instance, banks are lending money!
*** Programs change like the wind.....
*** The chances of things getting worse are stronger than things getting better
*** and most of all, when attempting to get the lowest rate possible -Timing is Everything-Communication is key
We are approving loans every day!
Cash out to 95% still available.... call your trusted mortgage banker for details
MARYLAND FHA EXPERT
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