Financing in Orlando>Question Details

Rose Torres, Other/Just Looking in Deltona, FL

Is there ayone having a hard time finding financing for their home?

Asked by Rose Torres, Deltona, FL Sat May 26, 2007

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Rose, that's a great question. the answer is yes. Many people ARE having problems because of the recent changes. Most of our industry (over 50%) has less than five years experience so they won't understand the "new" guidelines for lending (it's like being reset to 2001). Look for someone who has been around since 2000; we can make it easy.
Web Reference: http://brian-brady.com
3 votes Thank Flag Link Sun May 27, 2007
The mortgage financing landscape has changed a lot over the past 6 months. People are not necessarily having trouble finding financing; it is more that the guidelines have been tighten on some of the non-traditional mortgages.

Now, I feel it is easier to get a loan through a Mortgage Lender vs a Mortgage Broker. Our company is a Licensed Mortgage Bank in Maitland Florida and would be happy to help you one on one if you need it. You can visit my website at http://www.mortgagesfrombill.com
2 votes Thank Flag Link Sat Jun 23, 2007
Check with Brian Brady. He is a good lender.
Web Reference: http://brian-brady.com
2 votes Thank Flag Link Sat May 26, 2007
It is harder to get the same financing that was available a year ago... But that does not mean you can't get the financing. Certain riskier products are no longer being offered, like 100%loans for borrowers with 620-640-660 and even 680 FICO scores, because it appeared that risk is higher then investors anticipated. But if you are looking for a “make sense” loan, it is out there. Do you have good credit? Can you show ability to repay? Do you have strong assets? If you answered yes to all this, don’t worry, banks will gladly lend you money.
1 vote Thank Flag Link Mon May 28, 2007
There are a lot of changes within the mortgage industry at this time as lenders are tightening their requirements.. You really need to consult with a good mortgage lender to find out your options.. I agree with Haven.. Brian Brady at http://brian-brady.com is one of the best.. he will tell you the truth about your options..
1 vote Thank Flag Link Sun May 27, 2007
Kaye Thomas, Real Estate Pro in Manhattan Beach, CA
MVP'08
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Yes the mortgage industry is in a correcting period and many of the products that were available before to loan officers are not any longer or the criteria has became harder to qualify for.
Web Reference: http://waderice.com
1 vote Thank Flag Link Sat May 26, 2007
Our home mortgage is suitable for foreigners who do not need to file an income tax return. Feel free to give me a call if you need it. 626-376-5199
0 votes Thank Flag Link Mon Oct 1, 2012
The Mortgage industry is in a state of correcting itself now. However, we still offer many programs that are a 100% financing. The lenders now just want to make sure you have the ability of repaying the loan. This may come through job history, credit, assets, etc.... Your FICO score is just one item but not the whole picture.
If you wouldlike to know more please go to my blog below about the mortgage industry in Florida.
0 votes Thank Flag Link Sun Jun 10, 2007
If you have good credit and a down payment, we are having no problems getting folks a mortgage. If you don't have a down payment, are self employed less than 2 years, or have credit issues, you will have a problem getting a loan. Consult your REALTOR, as we always have a lender that can get the job done, if there is a loan to be had.
Web Reference: http://www.ERAHouston.com
0 votes Thank Flag Link Sat May 26, 2007
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