Are we at the bottom or near the bottom?

I think it’s actually happening! Are we at the bottom or near the bottom? It’s really too close to tell, but close it is. I’ve been reading several articles where banks are getting the large cash infusions to increase liquidity to originate more loans. It’s no secret banks want to do business, but what kind of loans are they looking for?

Although there are selective stated income programs still available prepare your clients for the current mortgage market. You can help set their expectations. Prepare your clients to provide the necessary documents for qualifying for a full documentation loan. See the attached flyer to see what they’ll need. It’s basically back to normal lending requirements where borrowers provide their tax returns and source their down payments. Not only this, but they will get the best interest rates and lowest payments out there!

Call with any questions and let’s set ourselves up for success together! Make it a great week!