ABQ realtors pitch in to fill mortgage gap

By
Real Estate Agent with Century 21 Camco Realty

 

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

 

Owner Financing Open House Tour

 

September 16, 2011 from 4-7 p.m.

 

 

 

The tour includes homes in Albuquerque, Corrales, Placitas, Cedar Crest, Tijeras, Edgewood, and Sandia Park, NM.

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!

 

 

 

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
ActiveRain Community
Location:
New Mexico
Groups:
Realtors®
Investors
Land of Enchantment
Posts to Localism
New Mexico Luxury Real Estate
Tags:
albuquerque
open house
tour
owner financing
placitas
nm
mortgage
cedar crest
september 16
sunwest trust

Post a Comment
Spam prevention
Spam prevention
Post a Comment
Spam prevention

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainmaker
81,276

Laura Warden Nordin

30-year Top Producer in Greater ABQ Real Estate
Ask me a question
*
*
*
*
Spam prevention

Additional Information