Brentwood TN Real Estate
So President Bush gives some money out, not much, but some.
The FHA limit is raised, and tax breaks are implemented for PMI.
And then what? PMI companies have decided not to underwrite over 97% loan to value and the PMI payments are like a car payment.
100% mortgages are nearly impossible to find and credit scores under 680 make you Persona non Grata for a loan. And exactly where is the help I keep hearing about? Have I missed it by blinking? Did it rush past me when I turned my head? Maybe so. This problem is deeper and wider than the band aid being applied to a arterial laceration. In layman's terms, "she's going to blow Captain!"
The buyers seem to be trying to come in and sellers are getting a little of a clue, now show us the money y'all! The FED rate does squat for my buyers, it looks fabulous in the newspaper though. We need help yesterday, will we get it tomorrow or still be digging out 2 yrs from now?
Stay tuned and see~
Vanessa Stalets
RE/MAX Elite
615-957-6333/615-661-4400
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