Why is it that all you read or hear about in the media is how bad the real estate market is??? Property values are coming down, making it a little easier for average working class people to once again be able to afford to own their own home without starving to death in the process. Interest rate are still low. Usually floating in the 5.5-6% range. You don't hear to much about that do ya... 100% financing is, for all practicle purposes a thing of the past. It can still be done to a degree, but nothing like in the past. FHA IS NOT THE ANSWER... FHA IS NOT THE NEW SUB-PRIME... I don't care how much they try to, you are not selling it here... In the past, anything that would qualify FHA, I could get approved conventional. Less headaches, less paper work, less explanations... Granted, I made less money, but I like simple and easy and so do my clients. We try to take as much of the stress and aggrevation out of the mortgage process as we can... That statement, in my experience, did not mesh well with FHA. I do have access to the avenue of FHA, but I myself have a tough time turning down that avenue. WILL, BUT NOT HAPPY ABOUT IT. The point is, the media points people in a direction. Sometimes it the wrong direction or just a bios one. If you turned on the TV tonight and saw a report that said: IT'S OVER... THE MORTGAGE CRISIS IS OVER... NOW IS THE PERFECT TIME TO BUY... People would believe it. It would not true, but none the less, they would believe it. That is my whole point. Good or Bad, the honest truth is, most people believe what they hear, if they think it is a viable source; Radio,TV,News paper, internet... That is what it is and will not ever change. All anyone can ask for is a little positive reinforcement...
Jay Spurlin
Coastal Funding Corporation
Comments(2)