Thursday, March 15, 2007

Subprime Lenders in Trouble

By Richard M. Johnston, RE/MAX

If you have recently applied for a home loan, you may have heard that the sub-prime market has made some recent changes. It's possible that you may not qualify for a loan which may have been available to you a week ago. The sub-prime market caters to those individuals who might have poor credit or wish to disclose less information (W2, Bank Statements, etc...) when applying for a loan.

I suggest you contact your mortgage broker for an update asap. These recent changes may or may not affect you. A recommended mortgage specialist is Tom Cortesi with First Financial. His website is here:

To search the San Fernando Valley & Santa Clarita Valley for available properties, visit:

To search the Westside for available properties, visit:

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