Nineteen Albuquerque real estate brokers from 13 different companies are working together with Sunwest Trust to fill a vacuum created by the tight credit restrictions that make it virtually impossible for many people to get mortgage loans. Consider:
- · Mortgage denial rates were up nationwide by 15% in 2010, and are anticipated to be higher still in 2011
- · New Mexico has the 6th highest mortgage denial rate in the country, with 33.7% of loans denied in 2010
- · Denial rates are even higher among minority applicants and self-employed borrowers, and “jumbo loans” requiring higher interest rates are especially affected
- · Yet mortgage application rates are at a 15 year low, as many people don’t even bother to apply!
A solution? Owner Financing!
SO---- Dozens of homes offering easy owner financing for buyers will all be held open in one huge
September 16, 2011 from 4-7 p.m.
Property details, photos, maps & flyers available online for the general public at www.OwnerFinancing-NM.com.
There will be great refreshments, plus door prizes! There are great owner financing options in NM! Come on out and see us!