Jobs

We are talking to a lot of working couples lately who have one spouse laid off. Nearly 1 of 10 in the state is laid off or unemployed. Naturally for many people if they normally qualified for a mortgage with two incomes it may be more difficult or impossible to qualify with one income. In some cases we can actually use unemployment compensation to qualify an applicant for a purchase or refinance. Naturally, in a time of rising unemployment cutting expenses is a top priority. Since 30 year fixed rate mortgages are at 5% or below now is the time to lower your expenses while you still can. Sound advice we think.