Use to be, I could get all the business I wanted just concentrating on my referral partners in Cary. With business such as it is, I now find myself heading further out to hook up with borrowers and referral partners. I've been listening to CNBC as the market works it's way up and down.
Maybe you've listened to XM too and heard the fella' who says, "It's the Biggest No Brainer In the History of Earth!"
The guy on XM now has a newer ad out about the Mortgage Bailout Bill. Click here and see if you think he might be a little off... Not only does he spout off about how FHA is not a good program - he quotes a ton of numbers that don't mean anything!
Not every lender qualifies to do FHA loans... my guess is that this cowboy falls into that group.
So MY ADVICE? Listen to a real professional. We need Government loan programs - especially today! If you don't have 10% to put down on a home - there's still plenty of money out there! You can get a 100% loan through USDA or if you're a qualifying soldier, you can get a VA Home Loan... and for the rest of us, purchasing a home at the $300,000 mark or less in the Triangle - there's FHA. Over fifty percent of the loans closed today are Government Backed! Don't believe everything you hear on the Radio! Call us!
Yeah gotta love the media and how they usually misinform the public. The problem is they often times dont see Lenders and Realtors as professionals so they often believe the media over us.