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Is anyone still lending money??

By Olan Carder

Mortgage and Lending with Fairway Independent Mortgage

October 02, 2008 06:17 AM

YES! YES! YES!

Consumers have gotten the idea that mortgage lenders don't have money to lend! NOT TRUE.

I am a lender in Charlotte, NC, and we are doing just fine. Rates are low and loan programs haven't changed all that much. The main scenario that have gotten tough to find or more expensive are:

Stated Income
Investment Properties
Condos (a little tougher but still available)
Buying new homes before current home is sold (holding 2 homes)

People looking to buy for the first time can find plenty of financing programs. Credit guidelines have gotten a little more strict but not bad. It is just back to common sense. The bottom-line is that if you want to buy real estate... NOW is the time!

Olan Carder
www.charlottemortgageonline.com

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Jay Oku

Academy Mortgage Corporation - Ewa Beach, HI

I anxiously opened your post to say YES!!!

But you beat me to it! ( :

Good Work

Oct 09, 2008 10:03 AM

Paul McFadden

Responsive Pest Control - Seattle, WA

Pest Control, Seattle, WA.

Thanks, Olan. I hope the public reads your message. Take care.

Paul

Oct 09, 2008 11:26 AM

Jeff Belonger

Social Media - Infinity Home Mortgage Company, Inc - Cherry Hill, NJ

The FHA Expert - FHA Loans - FHA mortgages - USDA loans - VA Loans

Olan.... we need to keep promoting that there is still money to lend. I just wrote about this 4 days ago. But in my opinion, I would write about what is out there vs what's not. Just my .02...

jeff belonger

Oct 12, 2008 09:29 AM

Craig Rutman

Helping people in transition - Cary, NC

Raleigh, Cary, Apex area Realtor

Spread the word and let the masses know!

As Realtors we'll let them know there are great buys out there. You let them know they can still get a loan.

Together, we'll get it done and singlehandedly end this crisis we're in!

Oct 12, 2008 12:22 PM

Eric Meruelo

Springfield, MO

Vice President / Sr. Loan Officer

Hello Olan,

I am still lending here in Missouri and we are having some great months ! Have a great day !!

Oct 12, 2008 01:44 PM

Greg Wilson

1st Cornerstone Realty - Schaumburg, IL

Hello Olan, there are lots of lenders out there. I'm lucky enough that my company still works with Citibank. And yes we're still closing deals.

Nov 24, 2008 12:01 AM

Is anyone still lending money??

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