While credit is still almost 90 percent tighter than in the housing bubble that ended in 2006, a Mortgage Bankers Association measure of credit availability has shown a 4.7 percent loosening this year. Established lenders remain reluctant to ease their rules, but this has created opportunities for smaller firms, many of which are now offering slightly riskier mortgages, sometimes at higher interest rates or requiring larger down payments.
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Standard Sales, Probate real estate and Trust sales, Bank-owned homes and REO properties and Short sales: It would be our pleasure to assist you in your next Southern California real estate transaction!
Contact us today! (909) 945-3662
Richard Kirchnavy, Real Estate Broker, CalBRE 01016593
Janine Kirchnavy, Real Estate Broker, CalBRE 01048899
1425 West Foothill Blvd. #237
Upland, CA 91786