Mortgage Loan Update from Charlie Thompson, Lender with Realty Mortgage in Nashville Tennessee

I WOULD LIKE TO BEGIN POSTING ARTICLES THAT I THINK WILL HELP YOU UNDERSTAND WHAT IS HAPPENING IN THE MORTGAGE INDUSTRY.

THE LIQUIDITY CRISIS IS WHAT HAS PRECIPITATED THE COMPANY CLOSINGS YOU HAVE SEEN IN ADDITION TO THE FACT THAT THESE COMPANIES HAVE DONE MOST OF THEIR BUSINESS IN SUBPRIME LOANS. THE FOCAL POINT OF THE MORTGAGE IS TO INCREASE THE QUALITY OF THE LOANS THAT WE ARE DOING. THAT IS WHY YOU HAVE SEEN A TREMENDOUS AMOUNT OF THE PRODUCTS YOU HAVE DONE IN THE PAST GO AWAY. THE MOST RELIABLE PRODUCTS ARE THE GOVERNMENT(FHA AND VA), FANNIE MAE, AND FREDDIE MAC PRODUCTS(CONVENTIONAL). EVEN THE JUMBO CATEGORY IS VERY RISKY AND RATES ARE HIGH AT THIS TIME.

MORTGAGE COMPANIES USUALLY FUND THEIR LOANS THROUGH A WAREHOUSE LINE OF CREDIT. REALTY MORTGAGE IS THE SAME. HOWEVER, SINCE THE OVERWHELMING MAJORITY OF OUR BUSINESS COMES FROM THE LOANS MENTIONED ABOVE OUR BUSINESS IS VERY DESIRABLE AT THIS TIME. IN ADDITION WE WILL STILL HAVE AVAILABLE NICHE PRODUCTS THAT WILL HELP MEET YOUR CUSTOMER NEEDS SINCE ARE BUSINESS IS OF A HIGH QUALITY. IN ADDITION REALTY MORTGAGE HAS ACUQIRED AN ADDITIONAL WAREHOUSE LINE TO ACCOMMODATE OUR CUSTOMERS WHEN OTHER COMPANIES CANNOT.

OUR COMPANY HAS DONE THINGS THE RIGHT WAY IN THE PAST AND WILL CONTINUE TO DO A HIGH QUALITY OF BUSINESS IN THE FUTURE. YOU CAN COUNT ON US TO BE HERE WHEN YOU NEED US. MANY OF THE COMPANIES YOU HAVE DEALT WITH ARE NO LONGER HERE TO SAY THAT. SOME OF YOU USE US AND FOR THAT WE ARE GRATEFUL, AND FOR THOSE WHO HAVE NOT USED US AT ALL OR IT HAS BEEN AWHILE, I INVITE YOU TO USE A LOAN OFFICER AND A COMPANY WHO WILL BE HERE FOR THE LONG TERM.

I HOPE THAT THE ARTICLES I AM BEGINNING TO POST WILL HELP YOU UNDERSTAND THE MORTGAGE MARKET IN A CLEAR WAY.

SINCERELY,

CHARLIE THOMPSON

Mortgage Loan Consultant

Office: 615-507-1307

Cell: 615-498-4240

Fax: 615-377-4994

Toll Free: 866-367-0287

Email: cthompson@realtymortgage.com

Charlie’s primary goal is to help you obtain the mortgage that is right for you, while delivering world class service with a friendly touch.  The key to a smooth and successful loan application lies with the experience and dedication of your loan officer. As a certified Mortgage Specialist by Professional Mortgage Institute, Charlie will provide you with the expertise and personal service you deserve.

Find out more about Charlie Thomspon and Nashville Tennessee Mortgage Loans by clicking here.