Arlington Update

Another real estate weekend is upon us! By the looks of it we should be busy. Open house attendance continues to be robust with many buyers just getting in the market seeking information about Arlington and beyond. We will be having an open house at The Cutter School Condos at noon on Sunday. This is a sweet unit soaring ceilings in a renovated school building thats located next to a nice park. See more info at www.thecutterschool.com Don’t forget about our open house list above! Happy Hunting!!!

My name is Joe Lamberti I have been in the mortgage industry for 14years and have worked for NE Moves Mortgage for 8.  If you watch TV, read the paper or look on line the big topic is MORTGAGE.  YES you can still get a mortgage if you qualify, NO you cannot get a mortgage if you don’t qualify.  That pretty much sums it up!  Would you lend your own money to someone if they had no job and had a past history of not paying anyone back NO!  So the mortgage world is going through the same thing, but we are talking larger sums of money then $100 to your buddy. I have been looking at the loans i have been working on so far in 2008 compared to 2007, they are looking OK.  In 2007 I closed 5 loans in January all purchase deals and in January 2008 I closed 13 loans. In February 2007 I had 7 purchase loans and in February 2008 I did 12.  HMMMMMMM so far 2008 looks better then 2007, we still have 10 months to go but off to a good start.  Interest rates have been up and down in the past few months as low at 5.375% to as high as 6.625%.  If you are a home buyer now is the time to stop paying rent and buy a home of your own.