Don’t listen to what they say, there is definately mortgage money available even if your score is not perfect.

Yes I know, the $700 billion bank bail out, the credit market shut down, banks closing, merging, and being shut down, the horrific drop in the stock market, world wide recession, I know…but there is still a private market for mortgage lending and it is available to most everyone.

It has always been there, and I have been talking about it for over a year (see other posts in this blog)…they are competitive, although maybe a touch higher and close much faster with less paperwork and with reasonable demands.

I know they are telling us that there are no mortgages, no lending, no refinancing, its baloney. Maybe no brick and mortar banking, but there is a large, robust, active private mortgage market ready willing and able to do business with you…today.

What you need is a good mortgage broker, of which there are many in your local areas, he or she will evaluate your predicament and then figure out which few lenders out of many would be interested and then the broker makes application to them and you select the best deal. There may even be some negotiation or fine tuning, adjusting the terms and conditions a bit, possible. Call me if you need help, I am associated with a terrific broker who can work anywhere in the USA/

Then do whatever workouts may be required to right side up your upside down mortgage (reduce the principle), and maybe get rid of some other ugly debt you may have.

After that, why not rehabilitate your credit score elevating it considerably and then go to the private mortgage market and get a terrific loan with excellent terms and conditions. The entire process takes a less time then you would imagine.

You will be paying the least possible amount for your mortgage every month, conserving your capital as conditions are going to be economicaly challenging for a long while.

Workouts….credit card rehab….private mortgage market… call me for all three services, I will turn you over to the best people in each business, hand selected, personally inspected, established, experienced and well known. 413-549-2966. Norm will set up a no-fee tele-conference.

Amen.