[schema type="organization" orgtype="LocalBusiness" url="http://4salebydonna.com" name="Real Estate Agent Donna Baker" description="Real Estate Agent showing homes for sale and available real estate in Monrovia, Pasadena, Arcadia the San Gabriel Valley in Southern California." city="Monrovia" state="Ca" postalcode="91016" email="donna@4salebydonna.com " phone="(626) 408-7766 "]

I made it through the Credit Crisis of 08 and all I have to show for it is…

January 6, 2009 by · Leave a Comment 

Those who do not learn from the past are most certainly destine to repeat it. But, in a year as we just had, those who dwell on the past are often just as likely to be stuck there for much longer than they would like.

So, in lieu of t-shirts that say “I made it through the Credit Crisis of 08 and all I have to show for it is this stupid t-shirt?” we want to offer of the positive things we have to look forward to in the New Year!

Fact #1: Mortgage Rates are the lowest I have seen them in my 23 years of arranging home loans. 30 Year Fixed Rates can be had for as low as 4.875%+1.00 point in some cases.

Fact #2: Fannie Mae max loan limit is extended to $625,000 for Los Angeles County for 2009!

Fact #3: Jumbo loans markets are making noises about actually loosing up a bit.

Fact #4: Lenders are making loans! In fact, we closed 2008 having been able to fund and close every loan we said we could. Some were more difficult than others but we got them funded! We plan to keep that record going forward in 2009!

Fact #5: BWA Mortgage had no lay offs in 2008 & has increased staffing for 2009!

I look forward to helping keep you informed in what is very likely to be another year of changes and opportunities in the Real Estate and Credit Markets.