I gave a quick radio interview this week that may worth a listen. It’s another take on “Why Now
Is A Good Time To Buy” from the mortgage guy’s perspective.
Some of the highlights:
1) Getting a mortgage approval is likely to get tougher
2) FHA is increasing its fees and Fannie and Freddie are likely to follow
3) Why banks are turning down loans with 50 percent down payments
4) How the election is playing into consumer confidence
Mortgage markets are a pendulum and, right now, we’re swinging to the rough side. Give a listen, find your talking points, and help your clients understand what’s coming down the pipe.
Source: Dan Green of TheMortgageReports.com
MY TAKE: I'm still sick of the bad news and I feel compelled to do my part to help everyone see that the sky is not falling. Millionaires are made in markets like these!
This interview is just another way to help people see that now is the time to get off the fence. He makes some great points and while you can sometimes feel like a salesman (which you are). You are actually doing your clients a disservice by NOT telling that there hasn't been a better time to buy a home in Grand Junction in YEARS!
Kevin Wade
Cherry Creek Mortgage Company
kwade@ccmclending.com
970-243-7800 - Office
970-201-2310 - Cell
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