(Scarsdale, NY ) April 5, 2010 Lance Falow of The Heathcote Group lends insight into mortgage loan options

Many appraisers are tightening under-writing criteria and the fall out rate of homes in escrow needing appraisals high enough to obtain mortgages is increasing.

Online PR News – 06-April-2010 – – Two proposals in Congress to aid homeowners caught in foreclosure are expected to become law, but not soon enough for many hundreds of thousands of home owners under going foreclosure. An estimated 5 million adjustable rate loans are due to be re-set through 2009, and lenders estimate that at least a third are held by investors.

A variety of loans are available in today’s competitive marketplace, including adjustable rate mortgages, fixed rate loans and interest only loans. But subprime loans have all but dried up in the market place as a result of the lack of investors willing to take on the additional risk in the current economic environment.

There are all sorts of mortgage products available in today's marketplace. There are loans that provide investors with a lower interest rate to help make investing profitable. Veteran Administration loans (VA) provide no down payment options and Federal Housing Administration Loans (FHA) provide for low down payments to get into a home. Buyers need to meet certain lending criteria to qualify for a loan.

"When you finance a home in today’s marketplace you want to set yourself up to be in a winning situation so the loan isn't too much to handle financially." said Lance Falow Managing Partner at The Heathcote Group.

The Heathcote Group
The Heathcote Group is a real estate investment firm with a concentration in conveyancing, foreclosure and title issues.The Heathcote Group lends money on commercial property and non-owner occupied residential property and also buys defaulted mortgages and distressed property, both in New York and Florida.