I know there is a lot of confusion today in the financial markets. That being said, I wanted to update you on the Mortgage market.

There have been no significant changes during these turbulent times. The media is only telling partial truths for some crazy reason. I decided to write this after another person told me they were shocked to know you could get financing without 20% down and a credit score of over 700.

Truth be told, we can still get approvals via the web with scores down to 580. We can still get manually approvals under 580.

I closed a deal 2 weeks ago, the middle credit score was 590 and the couple had to bring only 3% to closing (which came as a gift so they did not have to bring a penny of their own money to the table). The best part is that there loan was approved at a 6% mortgage with no prepay and a 30 year term. Sounds too good to be true? It isnÕt, we are doing these types of loan daily.

Rates are still great although the market is still a bit unstable. 2 weeks ago we had our largest weekly raise in rates .75% but they went back down the following week.

Please do not hesitate to contact me with your scenarios, questions or concerns. It is better to have me look into your situation than to assume it is not possible.

Here is a list of deals that we can still do (best LTVs):

97% Loan to Value purchases (Primary Home)

95 % cash out refinances on your primary home

There have been changes in guide lines for investment properties. Please call me if you are looking to buy or refinance. The Loan to Values are much lower than on primary homes.

Thank you in advance for reading this!

Have a great day,

Ron

Ron Bradly

Branch President

Capital Financial Mortgage Corp.

Office- 610-825-2389

Cell- 610-247-4370

Fax- 610-717-0290

Please feel free to visit my web sites!

http://www.fhaistheway.com

http://www.ronsmortgagestore.com