Opportunities for Wise Investors:
Winds of Change Bring Fresh Air! Old ideas are our biggest liability: The 40-year record low interest rate was fun while it lasted. Let's celebrate the fact of healthy growth in our region with property values holding ...and seize the moment! New ideas are our biggest asset! It's time to stop being reactive and get creative. People will continue to move, refinance and need sane financing. It really pays to keep up on all the lending changes coming thick and fast now. For example, some lenders accept 10-99 income verification and business records for self employed borrowers. You just need to know which lenders and loan programs will honor this form of documentation. Credit appetite cycles: Our economy is experiencing a cyclic shift. Considering the subprime market is less than 17% of the entire mortgage industry and those at risk are a fraction of that fraction, one might say what passes for news is overblown. Bear in mind: the main reason a homeowner might default on th...