Mortgage and Lending with Mortgage Services, Inc.

Many potential home-buyers have had to deal with increased down payment requirements, tighter debt to income ratio requirements, and higher credit score requirements during the past 2 years and it seems to be getting tougher..... the good news is that if you have a job and are generating income it is just a matter of time before you'll be able to qualify for a new home of your own. Although it may be very frustrating for you and your real estate agent, there is light at the end of the tunnel. And although it might be frustrating you will benefit in the end. The banks and the government are extremely concerned about first time home-buyer defaulting so they are making it more difficult, that means the less home-buyers will be in the market, less homes then will be selling, so prices should fall further... if you do what you need to do, when you need to do it, the chances are you will be in a home sooner than you think. If your not already working with a plan towards home-ownership, then you should do so immediately. The work you do now will pay off is the short future. Waiting will only disappoint you when you find the home of your dreams and you may miss an opportunity because you did not plan ahead. If your currently working with a Realtor have them call us and ask about our HOME-BUYERS ADVANTAGE PROGRAM-HAP or if you don't have a Realtor already, call us to find out how this program can help you.

Good luck!!!

Ron Giannamore is a Senior Loan Specialist and has been associated with Mortgage Services, Inc. over 22 years. Our national lender and federally chartered credit union relationships allow us to service your needs in every state. Check us on the BBB or just Google us today. www.tomortgageservices.com



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Victor Zuniga
Berkshire Hathaway Home Services California Properties - San Diego, CA

Even with all of the more stringent lending guidelines if you can qualify for home loan you shouldn't wait to buy.

Oct 31, 2010 03:55 PM #1
Jeff Getman
Realty Executives of Ravalli County - Hamilton, MT
Realty Executives

I might be wrong but in the next few years, I don't think anyone knows what's coming. If they keep insisting on the tight guidelines they are using now, the day will come when few can qualify to buy because most people's credit will have taken a ding of some kind through this mess--either some late payments, higher credit card debt and it will all result in lower credit scores. I think they'll have to loosen things up somewhat down the road or the banks are going to find themselves very short of buyers once the banks finally decide they want to start loaning to people again. As I said, I just don't think any of us really know where this will head in the next few years.

Oct 31, 2010 04:09 PM #2
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Ronald A. Giannamore

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