Monday, August 27, 2007

Mortgage Industry Comments

I got the following in an e-mail from one of my "trusted" lenders. This is certainly what I am hearing on the streets. Thanks Sandy Levy!

"Never has the mortgage industry been in the news so much!! Funding for loans that fall within the Fannie Mae, Freddie Mac (Conventional) and Ginnie Mae (FHA, VA) guidelines are becoming the only loan products that are certain to close. 100% financing is still available, but is accompanied by slightly higher interest rates and the requirement for mortgage insurance. One by one we are seeing the banks that fund the seconds in 80/20 or 80/15/5 situations pull back from 100% combined loan to values, limiting their offerings to 90% CLTV."

So, if this kind of service 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 Drop me a note to

No comments: