he Bay Area is one of the loans over $417,000 ) have
greatest places in the significantly gone up making
world to call home. There mortgage money much less
are many things to do, places to affordable. Investors are weary
see, a wide range of cultures and to purchase loans that don’t fit
many job and business into Fannie Mae or Freddy Mac
opportunities. There is also a standards because of the amount
great demand for housing with of foreclosures stemming from bad
only 15% of the population being loans to begin with. To sum it
able to afford homes. With the all up: Investors are asking for
most recent events that have higher interest, more
taken place in the mortgage documentation, higher credit
finance sector, It has become scores and many are not doing
much more difficult to enter the stated income at all. This means
market place for first time that there will be less qualified
buyers. The days of anyone being buyers and a massive amount of
able to qualify for a loan are inventory on the market. The good
long gone and the mortgage fraud news is that now is a great time
cases are stacking up. There have to buy and it’s looking like it
been more than 120 lenders that will stay that way for a while.
have closed their doors in the The Bay Area has historically
last two weeks and more are on been a stable investment over
the horizon. Why is this time and the market will rebound
happening? What does this mean? in time.
The investors who buy loans in There are still some ways to get
the secondary market are the right financing. The best
reluctant to purchase these loans things to do are to have a down
because of the risks involved. payment, pay off as much debt as
Interest rates for jumbo loans ( possible and find new ways to
increase income. All of these matt@teamenterprise.com
things will prove favorable in the eyes of the underwriters and size="-2">http://www.teamenterpri
make it easier to get approved se.com
for a loan. Make sure who you are working with and that the lender size="-2">http://www.mattlarsenho
has the ability to fund and close mes.com
the loan. This has happened many
times recently with lenders not
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