The Big Bank Sold Us Lie

The Big Bank Sold Us Lie

After the "Crash" the "Big 4" banks started a rumor... "it's the loans we gave to 'subprime' borrowers... It was the buyer fault! 

The Truth is these 'subprime' borrowers were sold a lie!  

So what these banks did was pull back from lending, lending only to perfect buyers, this is what killed the housing market.  It was the final blow, yes we had to many people loosing there homes, yes prices dropped. And yes these same banks did a bunch a loans that never should have been done.  But it wasn't just the buyers fault.

The real answer has always been "Get Back to The Basics"  FHA has had guidlines for 70 years that worked, and yet banks opted for the much more profitable 'Subprime' loans, and paid brokers to push them on the market.  

FHA has made a come back.  The real home loan, made to real people that really need a loan.  Don't buy into the lie... you don't need perfect credit to buy a home, you need agents that knows how to use FHA.  

Everyone DOES deserve to be a homeowner, let's get back to, and stay at the basics that made this work.

Jim Cavoto Headshot
Phone: 720-309-3014
Dated: July 11th 2012
Views: 1,497
About Jim: Jim Cavoto has been serving Colorado Real Estate market since 2000. Jim carries both Real Estate Em...

Property Search

RSS Feed

View our latest blog posts in your RSS reader. Click here to access. RSS

Search Blog

Recent Blogs

Market Update - 2020 kicks off briskly for the
Jan 28 2020 70641 1 - Good Morning Colorado!On this
Great Time To Sell - Over the last 30 years, active
HVAC And When To Call In The Pros - If you're a homeowner, the

Saved Properties

This is a list of your favorite properties. We will email you if a property is reduced or leaves the market.

Click 'Save' to add a property to this list.

Register / Login

New & returning visitors please enter your information to login.

By clicking 'register' you are agreeing to our terms of use & giving us expressed written consent to contact you.

Questions? Comments? Complaints?

This message will go directly to the head of our team.

Location & Address

Engel & Volkers - Denver
2049 Larimer St.
Denver, CO

Other Locations