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The mortgage and real estate industry is much more difficult than it was a couple years ago. Most of the people I've known for years in the business are now gone.
All of the 'EASY' loan programs are now gone; underwriting guidelines are much more strict; stated income loans are extremely difficult to qualify for.
But one of the gratifying aspects of the industry that remains is when we're able to fix the past abuses of dirt-bag lenders and real estate agents and save innocent homeowners.
Patrick Paster's Mom, Barbara was in a horrible subprime loan with a balloon payment coming due on January 1, 2009. Barbara is disabled and was really taken advantage of by the loan officer for a bank that will remain nameless.
With some difficulty, we were able to get Barbara out of the crummy loan and into an FHA 30-year fixed rate loan with a much lower interest rate.
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