Positive Attitude!

MARKET UPDATE

There has been a significant amount of media attention lately on the “Credit Crunch/Crisis” that the economy is facing.

The media has done a terrific job of informing the masses about the Wall Street and global economic troubles. And while it is definitely troubling for most, it’s also not 100% accurate. The news has the public believing that there is a shortage of residential mortgage money available, and that is simply not true.

There are many mistruths and rumors running about and I’m here to tell you 5 essential facts:

FACT #1 The current credit crunch directly impacts business borrowing money but not consumers looking for residential mortgages!

FACT #2 There is no shortage of residential mortgage money for those who qualify!

FACT #3 There are very few residential loans available for those who cannot verify income, assets, or employment!

FACT #4 Qualifying criteria for residential mortgages is essentially the same as it has always been!


FACT #5 30 year fixed rate loans have been fluctuating in the upper 5%’s and low 6%’s depending on your credit score and amount of down payment!!!


While the stock market is having its troubles, the housing market is ripe for buyers.

Low rates and great home values… What a great combination!!!


MICHAEL DUNSKY
Your Lifetime Mortgage Expert
MORTGAGE MASTER, Inc.
102 Elm Street
Walpole, MA 02081
Direct 508.850.4124
Fax 508.355.0223
www.dunsky.com