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Ryan Baker’s Mortgage Blog

Hello everyone, sorry I haven’t blogged in a while. I’ve had some issue’s with my wisdom teeth…not fun. So as you all know a lot has happened over the past 2 weeks in the financial world. I don’t need to waste time talking about the “bailout” plan since all you have to do is turn on any news channel. This should help some of the foreclosure problems, which in turn should help slow down falling home prices by putting more confidence in buyers, but how soon or for how long? I have no idea. Having been home sick for the last week I have heard every argument under the sun and it is one big can of worms that needs to be opened and dealt with.

The outlook is the same in terms of mortgages…you need good credit and to put some money down, it is that simple There are still programs out there for first time homebuyers and people who need assistance, but they aren’t as easy to come by. Is now a good time to buy? I would say so. I have been getting busy doing more purchase loans and to be honest, some of my clients are getting a killer deal on their homes. I am actually pretty jealous.

Another concern people have is what if my bank fails? Here is an article that touches on that: Click here

If you have any questions or comments, you can reach me at

Written by Keith Byrd - Go to Keith's Website/Profile