Mortgage Fear?

It never fails that each time I turn on the TV every morning to get my Bloomberg or CNBC fix, I hear so many different opinions regarding the current mortgage crisis. Just today, WAMU's ceo was talking about the housing market as the "perfect storm." Many lenders have fed on the fears that the media has created and pushed advertisements stating refinance your adjustable rate mortgage into a fixed rate. Is this the correct move? For some yes, but others it is not. Fear encourages people to act irrationally to the point where people who only plan on being in a home for 2 years are refinancing out of that arm into 30 yr fixed rate mortgages.
With a background in data analysis and being a principle owner of a large mortgage brokerage, I set out a year ago to bring about a team to create a decision making tool that will help borrowers take charge of the mortgage. Our tool known as the correct loan analyzer uses a myriad of factors including economic conditions, duration you are going to be in the home, your goals regarding home ownership, risk tolerance, and other factors to help you put you in the correct loan. Once the correct loan is chosen, correct lending prices out the loan, and fulfills the loan thus creating the best of all worlds-the correct loan, at the lowest possible price. Check it out!! www.correctlending.com