As I mentioned yesterday Guidelines for the Stated, NO-DOC, JUMBO LOANS and Investment properties have been either cut back(Ltv's) or some of the programs from some of the Lenders have been cut out altogether.

I do have still have access to some programs, however they will be limited.. until the market comes back under normal conditions (whatever that is)  please email with any scenarios.

 On a better note.. their are currently several new programs for first time homebuyers,  and current homeowners looking to refinance their mortgages for lower rate and terms and or to get out of their adjustable rate mortgages.

Investors, if you have any tenants in a lease purchase or owner finance we can get them financing. to get you paid out on the back end. . these programs are much more liberal on credit issues.. if you have any buyers looking to purchase, or refinance.. The time is now, and this applies to them and also to any investors who may be looking to purchase or refi your own primary residence..

Approx  7 Trillion in loans will be recasting in the next 2 years all over the country. If your in an adjustable rate mortgage or Option-arm(neg-am) and you need to refinance before your payment goes up, now is the time to do it.. many people are loosing their homes to Foreclosure when these things recast because the payments are jumping up so high.... anywhere from $200 - $800+ I can get you into a Fixed 30 yr @ 7.5%, it will not be higher.  Same goes for the purchases..