Is it safe to get a loan?

Hello Lauri, If you are wondering about whether or not you be able to get a approved for mortgage financing, you would need to talk to a Mortgage Professional so he could analyze and review your Income/Assets/Credit documents and based on that he can recommend you couple of different options. If you are wondering if its a good time to Purchase a Property, as Steve mentioned earlier, it is a great time since Interest Rates are low and house prices have reduced by hundreds of thousand of dollars. if you need any more clarification please feel free to contact me via email or phone. Houtan.Hormozian@Crestico.com 949 242 5215

Hello Laurie,It is not only safe but it is an almost perfect time to take advantage of all time low interest rates as well as highly reduced house prices. yes there was some malpractice that occured but mainly by a small segment of the business. The overall problems resulted from the ratings agencies on Wall Street that allowed for the securitization of bundled mortage loans to be sold by Mortgage Lenders. That and the lenders themselves being forced to reduce underwriting guidelines per the Community Reinvestment Act instituted by congress early in the decade.Now its a complete 180 and yes there are a few more hoops but nothing drastic. I would be more than happy to help you should you be looking for homes in Florida.Thank you,Steve Verriersteve@eqfonline.com