Mortgage Alternatives

Dated: 04/28/2017

Views: 277

Recently there has been a lot of "Doom and Gloom" speculation as to where the Mortgage business is heading as far as interest rates. It reminded me of an article I read last year in Huffpost, okay maybe it's not the Wall Street Journal but sometimes it does make some points. 

If an Agent's client is having problems securing a mortgage, it wouldn't hurt to try some of the alternatives that are out there. Including the online variety such as Quicken. Years ago Credit Unions seemed like the way to go to those that had access to them. They are still around. If you clients have had the opportunity to have been members in good standing for awhile the Credit Union might be more apt to take them on as a customer as opposed to an entity that is not familiar with them.

It wouldn't hurt to read the article and to also see what may be available at this time. The rates are going up, as is everything else except a person's income.

http://www.huffingtonpost.com/nerdwallet/alternative-mortgage-lend_b_9744234.html


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Deirdre Lucey-Humphries

Deirdre is a Broker and co-owner, with her husband Steve, of EXIT Realty Champions in Davenport - the closest office to Disney World Orlando! With 12 years of experience over a broad range of real est....

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