Should the Government Intervene?

At the end of the day, government intervention is going to be a necessity here. Why?

Too much at stake. With the size of the financial institutions that are failing keeping them afloat may be worth the investment of taxpayer dollars.

Media coverage. With so much coverage of this financial turmoil politicians and regulators will be under tremendous pressure to do something about it.

Mortgage lending still makes sense. So much of today’s problems have been caused by a lack of good judgment shown by both lenders and borrowers over the last few years. At the end of the day American homeownership will survive and credit worthy, responsible borrowers will be able to obtain credit.

The possibility of a recession is still out there and regulators will do everything they can to avoid letting that happen on their watch.


Looking for Advice on Your Mortgage Situation?

With all of the turmoil we recommend making a thorough financial check up including:

Talk to your banker: check the rates on checking and savings accounts to ensure you get the best pricing.

Talk to your financial advisor: Make sure your investment strategy doesn’t need to change based on current events.

Talk to your insurance agent: It never hurts to ask if you can save money on home, auto or health insurance.

Talk to Trusted Mortgage Advice: Don’t let a mortgage company convince you to take a deal that doesn’t feel right. We will help you evaluate your loan and make sure you are getting the best deal possible.