The glass can be half empty or half full and at BWA Mortgage it is always at least half full. I love Floyd Walter’s sunny disposition; here again are his most recent Mortgage Facts:

Fact #1: Mortgage rates remain near their historical lows of the last fifty years. Today a 30 year fixed rate for a true conforming loan can be had for as little as 5.00%+1.00 point in some cases and with a little more in points you can have a rate at 4.875% or lower!.

Fact #2: Lenders are still making loans. Lots of them in fact!  The process can be a little labor intensive but lenders are at least starting to understand the rules they have implemented so there appears to be a little more consistency in decisions.

Fact #3: Even that wonderful process known as the HVCC Appraisal Process can be dealt with. I actually had a purchase transaction the other day where the appraisal came in over the sales price (and rightfully so on this particular home!) and in another case where the appraiser was (how shall I put this delicately?) "confused" about the value, we got a review and the value raised to the appropriate level.

Fact#4: The challenges of this real estate market, while substantial, do not overshadow the opportunities! If you or someone you know are facing a challenge when it comes to home loan financing give me a call and we will help to find solutions where they exist.