No Shortage of Money Here!

Contrary to what you might have heard, there is no shortage of mortgage money in this country! In fact, there is probably more money available now, than at any time in the history of the world. A simple estimate would be more than a TRILLION DOLLARS is waiting for people to use to purchase new homes by either FNMA, FHLMC, FHA, VA, not to mention the almost endless supply of private money worldwide.

What has taken place is the almost free ride in lending is over. Borrowers now need to have down payments and be employed. Yes, you have to be able to pay back the money you borrow. You can't go out and buy ten or fifteen "Primary Residences" and just provide a copy of a lease signed by your brother in law so you can go purchase house number sixteen.

You also have to have some kind of history of actually paying your bills and earning a living. All that aside, never has it been a better time to buy a home.

Yes, I said it; there may have never been a better time to purchase a home! Just look at the facts:
1) Are we closer to the bottom of the housing market than at any other time in recent memory?
2) First time home buyers tax credit of up to $7,500 for qualified borrowers.
3) Interest rates near historic lows.
4) Purchase programs for as little as $100 down.
5) 100% CLTV on FHA loans with family second lien.
6) Plenty of homes in inventory.
7) Tax credits.
8) Foreclosures available.
9) Short sales available.
10) And one really outstanding mortgage professional available to share with you just how easy it is to close your deal quickly and easily.

So while the era of wild and sometime out of control lending is over. If you are qualified to own a home, you can do so on really attractive terms!

For more information, please call:
Tim F. Epps
(918) 528-4010
tim@myfairway.net