Contrary to popular belief in the media, we aren’t having any trouble getting people mortgages.  Yes, they have to have a job, yes, they to have decent credit (but not perfect) but we are getting them done. The media has the public believing its impossible to get a mortgage because things are so tight.  Actually with many mortgage brokers going out of business, the landscape has changed in our industry.  The strong banks and mortgage bankers (like Alpha Mortgage) are taking on more of a “flight to quality” role and many real estate agents, financial planners and clients seeking out sound mortgage advice are being more careful who they do their business with.  There is much doom and gloom in the real estate and banking sector but the beneficiary is great rates thus far.  Mortgage rates are ranging between 5.5% and 6% over the last couple weeks.  The Mortgage Applications index showed a 33% increase over the previous week, led by 88% increase in refinance applications.

To learn more about how you can finance a home, please just give us a call or email kay@cbbaker.com.  To search all homes in Wilmington, NC by city, zip code, neighborhood, schools or map, just log onto cbbaker.com.