We have recently acquired new investors to fund our Texas Jumbo and Super Jumbo loan products. Midway through the current mortgage crisis we saw a decline in available financing for the Texas jumbo mortgage loan segment...
San Antonio, Texas (PRWEB) November 06, 2011
Texas Mortgage expert Samuel Morales, owner of http://www.TexasJumboMortgage.org and http://www.YourLoanOfficer4Life.com says, “We have recently acquired new investors to fund our Texas Jumbo and Super Jumbo loan products. Midway through the current mortgage crisis we saw a decline in available financing for the Texas jumbo mortgage loan segment so we began looking for new investors to fill this need. Our new web page, TexasJumboMortgage.org, was launched to generate awareness of our product offering in this segment.”
When asked about other steps he has taken to stay busy with industry guidelines tightening and foreclosure rates at all-time highs, Morales noted, “Back during the early stages of the current mortgage related crisis; financing was easy for people to find and the result was that home buyers, in Texas and across the nation, were purchasing homes at inflated values. The result was that they were paying more per month to purchase a home then they would have been paying to rent a home with similar square footage. That trend has now reversed; rental rates have gone up and home prices and interest rates have come down. People are now paying more for rent then they would be paying to purchase a home of similar square footage. This along with the fact that banks are sitting on a whole lot of foreclosed inventory leads me to believe guidelines will be loosening up. In order to try to capitalize on the predicted trend we have teamed up with Sky Blue credit repair and Foreclosure.com. People are looking for bargains in this buyer’s market and guidelines have not yet loosened up so credit repair comes into play until guidelines are impacted by current conditions in Texas and across the nation. As of now, our little bit of foresight has us in a position where we can offer the best loan programs in the Texas Jumbo segment and pretty much across the board.”
About Texas Mortgage Expert Samuel Morales:
Currently holds his National and Texas Mortgage License at Directions Equity, LLC out of San Antonio, Texas. He has been in the mortgage industry for 10 years and offers FHA, VA, USDA, Conventional, Jumbo and Super Jumbo mortgage in Texas.
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