You have an excellent credit history with a high F.I.C.O. score. You have worked hard for years to make sure your payments to creditors weren't late. While others have spent like drunken sailors, you have sacrificed and have done without making sure you did not live beyond your means building up your good credit history along the way. You have always saved up for a rainy day making sure that you had good reserves in the event life dealt you a bad hand. Although, things haven't been perfect for you, you worked at being prepared for whatever was thrown at you.
Now, you can cash in on your rewards for a job well done. With the building of your great credit, low debt to income ratio, high F.I.C.O. scores, good job history and strong reserves comes huge dividends and rewards with great mortgage deals. At the heels of the sub prime mortgage crisis comes the banking crisis. Bear Stearns failed and the Feds brought in J.P. Morgan to buy them. A short time later, IndyMac Bank failed and is shut down. Fannie Mae and Freddie Mac who together hold about half of the mortgages in the U.S. are in trouble and the Feds (we as Americans) are bailing them out.
Mortgage lending guidelines have tightened through 2007 and 2008 and with every bank failure and every Congressional hearing they will continue to tighten in the future. The mortgage crisis and the banking crisis are far from over. Mortgage lenders have no choice now. They must cherry pick their borrowers and cherry pick they will. You are sitting pretty because of your excellent credit, high F.I.C.O. score, good job history and strong reserves, you are considered a cherry. Because you have made the sacrifice you have paid the price to be approved for just about any mortgage program you desire. Whether you are looking to refinance a mortgage or purchase a home, your first step is to contact an experienced mortgage expert who can help you select the mortgage loan program that is best for you.
For information on this article or any of your mortgage needs, You may contact Bill Burress, Nationwide Mortgage Expert at Toll Free 1-800-239-1416. or fill out the 30 Second Inquiry Form
Bill Burress, Nationwide Mortgage Expert has over 27 years experience in the mortgage business.
Bill Burress is now approving real estate mortgage loans in the following states: Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, Washington D.C., West Virginia, Wisconsin and Wyoming.
