As my mom has been out and about enjoying this weather I've been the one left to work around this joint. Ugh....
Now that we have elected a new president, like it or not, I'm hearing that the economy and housing market are going to start a slow recovery. This recession has been hard on all of us. I have certainly been seeing a lot less of my mom and dad because they're working hard and longer hours (even though my mom is out horsing around now while I'm working).
I wanted to pass along some encouraging information that I heard from a local mortgage expert here in town. She knows her stuff and has really been a help to my mom by keeping her posted on the latest news in the mortgage world.
"The U.S. should be braced for more financial changes in the upcoming months and into 2009. The changes that have occurred already and future ones are both frustrating, but necessary. We have seen a cleansing of the mortgage environment by stricter underwriting guidelines and elimination of "riskier" type loan products. So even though it is more difficult to obtain financing, monies are readily available to more traditional borrowers. This includes minimal down payment. Overall the mortgage industry will continue to be healthy and make home purchasing affordable so indications are that 2009 should be a productive year. "
Michelle O'Mahoney
M&I Marshall & Ilsley Bank
Mortgage Banker
920-236-6927 Direct
20-236-6925 Fax
20-229-7936 Mobile
Now let's turn this market around and go buy and sell some houses!!!!!
I'm off to go find my mother.......................
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