The FSBO market is a growing everyday.  We see this as a market that we can capitalize on and help consumers sell their home.  FSBO's usually convert to agent sales however with a targeted marketing plan FSBO's can save sellers thousands of dollars.  We have a survival marketing plan for FSBO's that helps advertise the sellers home connecting them to hundreds of potential buyers.  This is done of course for free.  We make sure that all the potential buyers are prequalified. This is very important for a sellers because as a seller you can have the comfort that everything is legitimate and that the borrower is serious and not wasting time.  Call us today to help with any FSBO 614-228-LEND(5363).

Springtime is finally here!!!!!  We are finally in the busy season.  We have been very concerned with the way the mortgage industry has been the past several months.  Well I must say thing are extremely busy.  We are exited about the future and have been pushing our community program aggressively and it is paying off.  This program is for first time buyers and allows for 100% financing with six percent seller concessions.  This program is very lenient on credit and debt to income.  We are also extremely busy with commercial business.  If it were not for commercial real estate the past few months would have been very difficult.  We are tired of hearing the mortgage industry doom and gloom.  Things can only get better. 

Well spring is here and it is usually the busiest time of year for the mortgage industry.  We have noticed a pick up in activity however several borrowers that could have bought a home last year cannot buy this year do to all the credit guideline changes.  Underwriters are a lot more difficult on homeowners with any credit hiccups.  They look for any potential problem and are turning borrowers away instead finding a way to make a deal work.  The market will be tight like this until we get the foreclosure problem under control.  This could take a few years. 

There have been several lenders that are doing away with stated programs.  Stated income was originally set up for self employed borrowers that were writing off business expenses and did not show making any money.  Later lenders allowed w2 borrower to qualify.  This was a huge mistake and is a large reason why we have the big problem today with foreclosures.  W2 borrowers typically do not have the flexibility with income that self employed borrowers have.  Traditional Mortgage Banc does still offer stated income loans but the restrictions are very strict and we are taking as well as they should be.  Keep in mind that is wall street that allowed these types of loan not the evil mortgage broker.