Mortgage Companies, They Are a Falling
posted by WeKnowBrevard Blog @ 8:19pm, Wednesday 23 July 2008.
It's time to get used to new lending rules. 267 mortgage companies have fallen since December 2006 (Implode.com). Lending requirements are getting more stringent by the day. Jumbo loans are almost unheard of without 20% down.
If you are considering buying a home, talk with a mortgage representative first. Don't put yourself in a position of not being able to buy your home because you didn't do your homework first.
Plenty of options are available however for first time home buyers. There has been bond money available of late. You will need to find someone that knows how to play in the first time home buyer bond game.
We recommend talking with Shelley Culp of Bank of America. She has a proven track record with first time home buyers and bond money. She can be reached at 321-323-1325 or Shelley.W.Culp@bankofamerica.com.
Let us help you obtain that first dream home. We are standing by waiting for your call.
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