My New Blog

We have just added this Blog to our website to keep you informed on the latest in Real Estate News and certainly our products and rates.

Please sign up for our Blog subscription, and you will be notified when we add more and useful information here for you.

We look forward to working with you.

The NMC Mortgage Network

 The Current subprime meltdown is a wake up call for everybody in the mortgage industry.  It offers an opportunity for homeowners to fortify their mortgage for the next few years and for you to generate new loans immediately.

First and foremost everyone....homeowners,mortgage planners, Realtors,Financial Planners and CPAs ...need to face the brutal facts:

• The game has changed.  For the past five years, guidelines and mortgage programs have expanded and increaased ...now they are tighting and retracting.
• 100% LTV programs are going away.
• DEBT- to - income ratios are getting tighter.
• CREDIT standards are getting tighter.
• LENDERS aren't as flexible as they have been over the past 5 years.
• FORECLOSURES are going up and financially stressed homeowners need advice more than ever.

IF homeowners are proactive, they can navigate a soft landing. IF they are not, they could find themselves in situations outside their control that could lead to personal financial disasters like bankruptcy and forclosure.