What's New
July 31, 2010, As the uncertainty in global economies grows, gold rises and money continues to flow into US. Slight pull back in real estate activity, but seems like a good time to consider real estate investment. Call me for an investment strategy meeting in person.>
Mortgages
July 31, 2010, Rates have finally crept down to levels not seen since in 50 years!! Your variable may be really attractive BUT this may be the time to finally switch to a fixed interest loan. If not a fixed at the very least a 5 year fixed.
Processing News
July 31, 2010, Inflexible underwriting and over-documentation is now the rule across all lenders. There is paranoia across the board. Apply with bucketloads of patience!! For now the long delays have resulted in lower rates for many borrowers!! At the end of the day, a credit worthy loan will go through and you will be happy with the rate :-)
