by Frankie Griffin
8. November 2011 04:37

The number one question I get on the radio or just meeting people around South Carolina is, are the banks loaning money to buy a house yet? You certainly here it on the evening news every night. Banks are not loaning money to those that need it. As a Real Estate Agent myself, I would be the first to say that many buyers are having a hard time getting approved for a loan. As much as I want to see buyers get a loan so I can help them purchase a home, we have to consider the banks point of view.
Americans and the American Economy is still reeling from the Real Estate Bubble Bursting just 3 or 4 years ago. One of the major problems was that banks were loaning money to buyers that could not afford the house and ultimately resulted in foreclosure. Although Sourh Carolina Real Estate was not hit as hard as other parts of the country, we have taken a tuff blow from all the fallout. My hope now is that we have learned our lessons. Banks cannot loan money to those that cannot pay the money back. As individuals, we must accept responsibility for our actions, learn from our mistakes, pick our pants up off the floor and move on with life.
The reality is that one must have money to buy a house today in most cases. In other words, Americans must learn to save money before they buy rather than buy now and figure out how to pay later. Most loan originators today have much to lose if they underwrite a loan and the buyer defaults. The loan originator not only has to pay back the commission they earned on the loan, they have to pay back two and a half times the commission earned. Everyone is now having to act responsibly when it come to borrowing money. I must suggest to anyone considering borrowing money today to purchase a home or to refinance their current home, you should speak to Erica West with New American Mortgage. Erica is one of the most knowledgeable individuals I have spoken to when it comes to financing. She knows where to get consumers any assistance they need to include several thousand dollars in down payment assistance that you may not even have to pay back.
New American Mortgage is unlike any bank I have ever worked with. New American Mortgage will have your loan approved and ready to close in SEVEN (7) Days!! When have you ever seen a lending institution work so fast and diliently on the publics behalf? Erica West will study your specific needs and recommend the perfect loan scenario for your financial situations and long term goals. You can contact Erica at (803) 528-5019. Call Erica today to recieve vital information about borrowing money to purchase a home in South Carolina or to refinance your current home.
If you or anyone you know would be interest in starting a career in Real Estate, Appraisal, Home Inspector, Property Manager or any other form of South Carolina Real Estate, we want to help you get started and build a SUCCESSFUL career. The Real Estate School for Success is where you need to get started. We offer financing for classes if needed and can help those that are unemployed or Military Spouses actually take the class at no charge. Give us a call today at the Real Estate School for Success and we will answer all your questions. Anyone registering for a class on line can enter the discount code below and receive a BIG DISCOUNT off the offered price!!
DISCOUNT CODE IS: mortgage
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