bankruptcy: Get Mortgage Ready...It Starts with a Plan
- 03/27/07 06:03 AM
With the recent happenings in the mortgage industry and the tighter lending requirements in our industry, the big question is...Now What? "If I can't qualify for a mortgage, what do I do?" Well, first of all, it doesn't mean you are a horrible person or that you can never own a home, it just means you need to do a bit of work to get there! ANYONE CAN QUALIFY FOR A MORTGAGE WITH A LITTLE BIT OF EFFORT! In our Tampa Bay market, it is cruicial to be able to qualify for the best mortgage rate, because the majority of buyers need (7 comments)
bankruptcy: What is happening with the subprime mortgage market?
- 03/18/07 11:42 PM
Whether I am deal with customers here in Tampa, Florida or in Michigan, I am being asked this question on a regular basis..."What is going on with the subprime mortgage market?" First, what is a subprime mortgage? For anyone who hasn't been in business for the past couple years, it was a great tool for getting "credit challenged" borrowers into a mortgage. Mortgage brokers were able to approve loans to borrowers with credit scores down to 560, 1 day out of bankruptcy or foreclosure and not proof they could pay a mortgage! Was it right? The majority of the time, no. That is (3 comments)