Good friend and fellow Cyberstar Peter Toner of San Diego crafted a short article on the mortgage woes we are facing and how it affects the credit markets and housing. I suggest you read it at http://real-estate.sandiego-mls.com/2007/08/23/is-the-sky-falling/.
To make a long story longer, use folks that have earned their stripes, that have solved problems in the past and that are affiliated with reputable, long standing organizations. If the mortgage deal you are being promised sounds too good to be true, it probably is.
Those who have "normal credit scores" and have downpayment sources, and employment history, can typically count on getting the needed financing at a good rate. Which, by the way, Wells Fargo quoted to me yesterday for a conventional conforming loan would be at 6.375%. Does anyone out there remember the 1980's? That is when interest rates were touching 15-16% for a similar loan.
Now if this kind of insightful advice could be valuable to you or your friends, put my 22 years of experience to work for you, learning about your new home town! Whether it is Highlands Ranch, Lone Tree, Littleton, Castle Rock, Centennial, Englewood, Parker, Elizabeth, Larkspur, Franktown, Kiowa, or anywhere in metro Denver Colorado, we offer real estate advice, properties for sale, multiple listing service, property listings, mls, all available at www.DenverRelocation.com. Drop me a note to pete@Denverrelocation.com
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