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.
Author:Jim Cavoto 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...
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Engel & Völkers is one of the world’s leading service companies specialized in the brokerage of premium residential property, commercial real estate, yachts, and aircraft. Based in over 800 locations in total, Engel & Völkers offers both private and institutional clients a professionally tailored range of services. Consultancy, sales, and leasing form the core competencies of the staff of more than 11,000 people. The Company is currently operating in over 30 countries on five continents.
Since 1977, we have been the select provider of high-end premium real estate services throughout Europe, Asia, and North America. We use the latest technologies, manage an extensive network of exclusive listings and potential buyers, partner with influential media outlets, and employ the highest-caliber agents who strive to represent our distinguished brand.
Our style o f doing business originates from our early success as a luxury property agency. We maintain the same standards of quality and service in everything we do.
Engel & Völkers, Real Estate Advisors Representing And Promoting The World’s Finest Properties Since 1977
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"Jim Cavoto helped me refinance my home in November 2012. My experience with Jim was great. The interest rate was low, the closing costs were minimal, the loan closed as scheduled, and the process was easy. I will always recommend working with Jim for mortgage financing."