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Getting the loan you want in this tough Market

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Mortgage and Lending NMLS #209419

Getting that conventional Loan that you want for your new home just got Tougher in today's Market.  Today FNMA (Fannie Mae) rolled out version 7 of the their Automated Underwriting System (AUS).  Although not a surprise the biggest change is that if you've had a foreclosure in the past five.... YES FIVE years FNMA will not give you an approval.  Period... end of story.  Markets can and do correct and most of the time they over correct and this is one of those cases. 

The End result is that most people are dealing with inexperienced or in some cases unlicensed lending professionals.  One of the reasons that Equity Mortgage was created was to not only fix the problems in the industry but to be a catlyst of change.  My personal motto and that of our office is "Honestry, Reliability and Integrity".  Strong words not only to live by but to do business by.  In this rapidly changing market solutions are needed most of all.

One of the most incredible things that are offered today are the automated tools that not only show you what to do in regards to credit repair and credit restoration but to actually execute it.  One of the biggest problems in the lending market is that of the inability of so-called "Credit Repair" companies to actually "get it done". 
We've seen numerous horror stories of these companies as well as the mess they leave behind.  In the end a lot of time, effort and most of all money is spent and nothing is delivered.

If you are a buyer who has had trouble getting a loan or a realtor or builder that had a deal fall through I ask that you give us a try.  Our 93.999% on time closing rate speaks for itself.  With over 450 lenders to choose from in addition to some very exciting news in the coming weeks we close loans that others give up on.  It's sad in this industry when there is so many good people who are spoiled and driven out of business by the rotten ones.  In the end neither the Buyer, Seller, Realtor, Lender or the Community benefit from the lack of professionalism in those communities.

There is good news.  In the coming weeks Equity Mortgage has some fantastic news coming.  In the meantime look for our program announcements.

 

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