Comments on: Why Am I Unable To Obtain A Mortgage? http://utahmortgageteam.com/2009/09/why-am-i-unable-to-obtain-a-mortgage/ Utah. Mortgage. Experts. Wed, 16 Jun 2010 21:08:13 -0700 http://wordpress.org/?v=2.8.6 hourly 1 By: Utah Mortgage http://utahmortgageteam.com/2009/09/why-am-i-unable-to-obtain-a-mortgage/comment-page-1/#comment-16 Utah Mortgage Mon, 05 Oct 2009 23:39:09 +0000 http://utahmortgageteam.com/2009/09/why-am-i-unable-to-obtain-a-mortgage/#comment-16 When I read this page I was quite intrigued. It is sad that people throughout the country are so focused at surviving the credit disasters in which they have found themselves. Although I don't look down upon them (for some have truly been victims of the entire process), I do have quite a high level of respect for those who were prepared to face the financial woes of the day before it ever began. In response to your comment, "What are the reasons behind the financial institutions relutance to lend money?" I have to say that most of these institutions are as concerned about the fact that someone has "survived" financial turmoil as they are about whether or not they've learned from the crisis. My firm, for instance, focuses upon providing extremely competitive home loans to borrowers who didn't have to survive their own "personal" crisis, and are making it through this time with exceptionally high credit scores. In other words, they're being rewarded for being exceptionally astute financial managers of their "own" business. And shouldn't such people be rewarded in this manner? My hope is that all who are struggling make it through. However, nobody should be ashamed of having been prepared and wise "prior" to our current mortgage crisis. When I read this page I was quite intrigued. It is sad that people throughout the country are so focused at surviving the credit disasters in which they have found themselves. Although I don’t look down upon them (for some have truly been victims of the entire process), I do have quite a high level of respect for those who were prepared to face the financial woes of the day before it ever began.

In response to your comment, “What are the reasons behind the financial institutions relutance to lend money?” I have to say that most of these institutions are as concerned about the fact that someone has “survived” financial turmoil as they are about whether or not they’ve learned from the crisis.

My firm, for instance, focuses upon providing extremely competitive home loans to borrowers who didn’t have to survive their own “personal” crisis, and are making it through this time with exceptionally high credit scores. In other words, they’re being rewarded for being exceptionally astute financial managers of their “own” business.

And shouldn’t such people be rewarded in this manner? My hope is that all who are struggling make it through. However, nobody should be ashamed of having been prepared and wise “prior” to our current mortgage crisis.

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