Rates are going up. Programs for certain "high risk" borrowers are going away. The Feds are tightening down on lending practices. Lenders (some big ones like CountryWide) are filing for chapter 13 bankrupseys or closing their doors. This sucks...but only for some people.
Here's the facts in a nutshell: this current "crises" is almost exactly what happened in the early 90's. We lived through it then and the market was stronger after if leveled out. IT'S GOING TO HAPPEN AGAIN!!
My company is going to still be here after the ess hits the fan and things settle down. I'm still going to be here doing what I do. With all the "crappy" and "dishonest" mortgage brokers going out of business, we are going strong because (1) we are really good at what we do, and (2) we are honest.
If anyone you know is in freak-out mode over their mortgage, have them call me. We are all going to be okay. Things are going to balance out. I'm still doing the awesome stuff I do, and I'm keeping an ear out so that I have the most current information every day. Don't panic: just call me.
Now here's a picture of a cat eating candy to lighten the mood:
3 comments:
if that is your little Pugsly, I'LL TAKE HIM!
So, if I, hypothetically, was in the triple-whammy situation of having a mortgage with Countrywide while trying to sell our house that we've owned for less than two years while my husband was out of work, how bad would that be? Because it's not hypotheical.
Let's talk: I need more info, but I don't think you are as bad off as you think.
Shoot me an email and we can discuss a little more in private.
My work email is chris@mysecpacloan.com
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