Yeah the shutdown is a big deal for a lot of people and their families, but the houseing market certinaly hasnt come to a screaching hault. I was headed into work today listening to the radio and all the news about the government shutdown. We all knew it was possible and by the end of the day yesterday pretty much inevitable. The congressmen being interview on the radio made it sound like the housing market was going to come to a screeching halt. Heck you would think that all the Realtors and Loan Officers were going to get a couple weeks off while Uncle Sam figured things out. Well I got some breaking news, we are all still here, still working away, & most importantly still closing loans! So what’s the real deal? What loan programs have been affected by the shutdown? Here’s the scoop:
So to recap we are still closing and funding all loans with the exception of those rural development loans.
If you want more info you can read the governments contingency plan here http://www.whitehouse.gov/omb/contingency-plans
Working with home buyers searching for a new primary residence is a totally different game compared to working with investors and rental property. Sure, there are similarities, but what want-to-be home owners care about is different than what an investor cares about. Frankly, for an investor, it’s all about the money and it should be. When someone purchases a rental property they are essentially running a business. If we can help them run a successful business and turn a profit they will likely come back and buy more properties.
There are lots of want-to-be investors out there and the hardest part is getting started. We are going to help unravel the maze. We will also look at long term planning. Often just knowing what needs to happen to acquire the next property and the next one after that is one of the keys to success. Owning rental property can be a great way to build wealth and we are here to help.Visit Jeremy's Blog