Can I Purchase a Home In This 'Mortgage Meltdown'?
They're calling it a "mortgage meltdown", but really lenders are just being more careful who they own money to. It's not that you can't purchase a house or condo. It's just that if you really shouldn't afford it, the lender will probably think so too.
Yes, many mortgage lenders have gone bankrupt. Yes, people are having a harder time getting loans. But that doesn't mean there aren't lenders out there for you. If you have bad credit and don't make enough money to afford a house, that's OK... but you might not be able to purchase at the given moment. Spend some time getting your credit back in order. If you need help with that, let me know. I know of people and programs that can help you strategically get your credit score up.
But if you have decent credit and have a job that allows you to have some extra money that you could put towards a mortgage payment instead of rent... you should talk to a mortgage broker and see what you can do. The 'doom and gloom' talked about in the media isn't all true. It's a great time to buy a home.
The Seattle market is one of two or three cities in the U.S. that is still appreciating in value. Jim Cramer of MSNBC says that the only city in the country where people should still be purchasing real estate is in Seattle.
The good thing about our market right now is that buyers have options again. They can usually find that house/condo that they want and have more negotiating than in the recent years.
Keep in mind that many of the articles you read in the newspaper are nationally syndicated articles. Make sure that you're reading local information as well as national.
If you would like help seeing if you would be approved for a home purchase, go to my mortgage broker's website www.cfundingmortgage.com and fill out their pre-approval process. Dave Needham is my right-hand man in this business as my mortgage broker and he'll help you out in any way he can.
Keep your head up. The market is still good in the Seattle area. If you are considering purchasing it may very well still be a great decision for you.
As always, let me know if I can help!
Have fun! Aaron
Yes, many mortgage lenders have gone bankrupt. Yes, people are having a harder time getting loans. But that doesn't mean there aren't lenders out there for you. If you have bad credit and don't make enough money to afford a house, that's OK... but you might not be able to purchase at the given moment. Spend some time getting your credit back in order. If you need help with that, let me know. I know of people and programs that can help you strategically get your credit score up.
But if you have decent credit and have a job that allows you to have some extra money that you could put towards a mortgage payment instead of rent... you should talk to a mortgage broker and see what you can do. The 'doom and gloom' talked about in the media isn't all true. It's a great time to buy a home.
The Seattle market is one of two or three cities in the U.S. that is still appreciating in value. Jim Cramer of MSNBC says that the only city in the country where people should still be purchasing real estate is in Seattle.
The good thing about our market right now is that buyers have options again. They can usually find that house/condo that they want and have more negotiating than in the recent years.
Keep in mind that many of the articles you read in the newspaper are nationally syndicated articles. Make sure that you're reading local information as well as national.
If you would like help seeing if you would be approved for a home purchase, go to my mortgage broker's website www.cfundingmortgage.com and fill out their pre-approval process. Dave Needham is my right-hand man in this business as my mortgage broker and he'll help you out in any way he can.
Keep your head up. The market is still good in the Seattle area. If you are considering purchasing it may very well still be a great decision for you.
As always, let me know if I can help!
Have fun! Aaron
posted by Soderulnd Homes at
4:44 PM
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