I don’t know if this makes me feel better or worse … and setting my moral/fundamental/gut apprehension aside about the government being a lender, maybe this is a “good thing.”
Just wanted to calm some frazzled nerves and reassure you that contrary to some crazy rumors flying in the financial world, folks can still buy homes and get a mortgage. We are doing mortgage loans at Century-21 Mortgage all day long and we want MORE! As a matter of fact, due to hiring more processors to speed up our government area, we can now close FHA and VA loans in under 30 days.
Did you knowâ€¦ that Century-21 Mortgage is the only non-bank in the industry with an investor grade bond rating? We are not a bank so we don’t have deposits that could cause a bank failure due to customers making a run for their money. Our money comes from Fannie Mae and Freddie Mac and since they were taken into conservatorship by the federal government, I think you would agree we are actually more stable than a bank since we have the government writing our checks!
Soâ€¦sell some houses. Use Century-21 Mortgage with confidence and let’s stimulate this economy!
*I am a Realtor affiliated with Century 21, but haven’t used them for several years (not that I wouldn’t, I just haven’t had a reason to).