CREDIT IS STILL KING FOR EVERGREEN COLORADO REAL ESTATE
Much of the media focus is centered around home sale and home inventory and this is an important indicator for any housing recovery. However, one of the major obstacles is still the tight credit markets that have eliminated many would be buyers from the EVERGREEN COLORADO REAL ESTATE market. All banks and mortgage underwriters are weighed down by foreclosed home on their books and the secondary money market is still on life support after the mortgage debacle caused by Congress, Wall Street and the Federal Reserve.
When the Fed allowed Wall Street to destroy the mortgage credit market they burned the market so bad that most would be investors will not return to the secondary mortgage markets ever. And now with the Federal Government monopolizing most of the credit by running up vast deficits and acting in a foolish and financially irresponsible fashion, the big institutional investors are staying clear of mortgage backed instruments.
Since Greenspan, Bernake, and Geithner allowed Wall Street to steal all the assets from investors the only alternative was Fannie and Freddie which are both now bankrupt. However, Bernake is just passing the bad debts on to you the taxpayer, and your children, and your grand children.
The mortgage credit squeeze has rolled back underwriting requirements to the 1980 formula. Buyers now need substantial down payments, favorable loan to value ratios, minimal debt burdens, and good credit scores. A large part of the problem with selling the huge inventory of homes and the ability to sell for a fair price is contingent upon the availability of cash. With a hard money mentality there are substantially fewer families able to purchase and so there are fewer buyers competing for each homes.
We are Mark English Real Estate and Discount Mortgage Services and can show You how to make money, and keep Your money, by investing in EVERGREEN COLORADO REAL ESTATE. Now is a great time to invest in EVERGREEN COLORADO REAL ESTATE and CONIFER COLORADO REAL ESATAT. Interest rates are at an all time low, and we can help you finance your purchase, or refinance you EVERGREEN COLORADO HOME LOAN (www.aloan2own.com). Please, call us today at 303-674-0148, Email us at markenglishrealestate@msn.com , or visit us on the web at www.evergreencoloradoliving.com . We are THE on stop shop for all your Real Estate needs; from Real Estate, to Commercial, to Financing, to Construction – WE WILL SAVE YOU TIME AND MONEY.