Despite the grim news you hear and read daily about the mortgage crisis, obtaining a home loan to purchase or refinance a home is still possible, says a home loan expert.
Studio City, CA (PRWEB) September 27, 2007 — Despite the grim news you hear and read daily about the mortgage crisis, obtaining a home loan to purchase or refinance a home is still possible, says a home loan expert.
These powerful words come from Victor Benoun, mortgage broker veteran and President of The Mortgage Source, Inc.
“If you pick up a newspaper or turn on the television, you are overwhelmed with bad news about purchasing and financing a home,” Benoun says.
He goes on to say that as many as 2 million current homeowners with adjustable rate mortgages need to refinance but have done nothing, because they are confused.
“I think a lot of people want to refinance their home loans but just don’t know what to do. The fact of the matter that lenders are still lending. Some larger mortgage companies have been hurt by the mortgage meltdown,and that’s what you are hearing so much about, but that does not mean the consumer can’t get a home loan and at a great rate.”
Benoun is available for comment on:
*What caused the mortgage meltdown
*What programs have been changed or eliminated
*How to guarantee a smooth transaction
*What documentation is required
Based in Studio City, CA, Victor Benoun is President of The Mortgage Source, Inc., and 27 year mortgage professional and author of, “Your Castle No Hassle, How To Buy A Home, Get A Good Mortgage…And Keep Your Sense of Humor.”
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