Hal's Mortgage Blog

Not a day goes by that I don't hear someone in a panic over the credit crunch. The TV, radio and newspapers have us all scared we won't be able to get mortgage money or buy a car or that our credit cards will self destruct any minute now.

If that's so, why is my mailbox full of credit card solicitations and offers to refi my home?

As a mortgage lender, let me assure you that mortgage money is available. What has disappeared is the Sub-Prime, No Money Down, Stated Income type of loan. These are the loans in default - what the industry calls Non-Performing Loans.

As a matter of fact, this may be a window of opportunity for first-time homebuyers. Some experts are calling this a Perfect Storm. How can this be? Let me explain - write or call for details. Ask for the Perfect Storm report.

Hal