A Site for First-
From our milfordteam.com site
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By Norm Werner
JOHN ADAMS MORTGAGE COMPANY
OFFERS REASSURANCE ON MORTGAGE MARKET
While the national news media has been dominated by reports of a “mortgage crisis,” as a locally based lender we want to reassure prospective borrowers that we are not experiencing the kinds of disruption people may be hearing about. We have an ample supply of mortgage credit and we are still making mortgage loans at competitive rates. In fact, with home prices decreasing in many areas, the buyers’ market has never been better.
Borrowers should not be dissuaded from a home purchase or refinance based on national reports of a mortgage credit crunch.
- John Adams Mortgage Company has plenty of mortgage credit available for borrowers. As a partner with Real Estate One, Max Broock and Johnstone and Johnstone, John Adams Mortgage Company has access to the most reliable sources of mortgage credit and can lock and close loans for our customers with confidence.
- Much of the mortgage market turmoil has occurred because of risky lending in the subprime mortgage market and the proliferation of risky loan products. As a traditional mortgage banker, John Adams Mortgage Company did not engage in this kind of lending and so we are far less affected by the national mortgage crisis.
- We offer our borrowers a variety of financing options, but are committed to high lending standards that result in better loans for our borrowers and less risk for our company. We offer government insured FHA loans, VA loans, MSHDA loans, as well as loans backed by Fannie Mae and Freddie Mac and the nation’s most secure investors.
Don’t forget we still offer zero down mortgages, mortgages with down payment assistance, Jumbo mortgages, stated income and asset loans. We still have Spotlighting your home with the Mortgage Makeover. Sellers can pay closings costs, buy down points and pay to set up escrows. Sellers can waive reimbursement of property taxes and not consider that part of the concession.
The National Association of Realtors® and John Adams Mortgage Company are working with Congress in Washington to ensure that the nation’s mortgage finance system remains a stable, reliable, and affordable source of mortgage credit. We support strengthening FHA, increasing the supply of mortgage capital available through Fannie Mae and Freddie Mac, and other steps to keep the American dream of home ownership as vibrant as ever.
Stuart Elsea
President, John Adams Mortgage Company
