http://www.lendinguniverse.com for up-to-date
Fannie and Freddie:
Do you need a loan? Contacting only one , two , or three lenders/brokers is not enough in today's market. Why? many banks and financial institutions are no longer lending. Many closed down. Do you need a loan? It is possible to get a good loan now. To increase your chances you must contact 6-20 Lenders/brokers . There are many banks and private investors that are still arranging loans . To get a loan your strategy should be: 1. write down a simple loan request 2. Contact by phone or email or fax as many brokers/lenders as you can find (you may use lendinguniverse.com to find lenders) 3. Send your simple request to the lenders 4. Find out what documents they need and what they can offer ( rate, terms ,fees , conditions, etc.) 5. Provide the additional information 6. Now, when you know better what to expect, update your simple request to include additional data. and 6b. repeat steps 2-6) 7. Compare loan offers 7b. Even if the offers seem very attractive you must repeat steps 2-6. See below for the why 8. Select the best proposal 8b. Be ready to switch to the "second best" or "third best" 9. Repeat steps 2-9 . 10. Proceed to close * You may use Lendinguniverse.com website. They are not a lender nor a broker. LendingUniverse.com is a lending market place operating as a giant lending-bulletin-board where over 10,000 banks, direct lenders , brokers and private investors are continuously looking at and responding to loan requests posted by borrowers * LendingUniverse.com offer a FREE advance software that enable borrowers to keep track and compare all lenders rates fees and conditions.
Fannie and Freddie: What the Bailout Means
Lehman Brothers has filed for bankruptcy Mozart Requiem fits the video tombstone and RIP engraved for all lenders who are no longer with us in the past 2 years
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