Rational Lending During Irrational Times?

Rational lending will bring about calmness in this troubling times in the mortgage market. As a loan originator it is apparent to me that there are so many people that are backing off buying homes due to the fear that a housing recession is looming. Some borrowers are even questioning whether or not their 700 credit score is still good enough to get a loan. The response is absolutely! In fact, take out the fear of recession, and analyze the fundamentals in the economy; locally, nationally, and globally, and I would argue that for many this is a great time to find a great deal on a house, and a loan. 30 yr fixed rate mortgages are currently at 6.0%, and trending downward.
But, no one wants to make a mistake, and chance loosing their home, or even worse declare bankruptcy. So, how can you proceed in buying a home at a great deal, or refinancing your ARM to a fixed rate, and limit the borrowing risks? I have blogged about www.correctlending.com before, but I will do it again, because I have never found such a tool that replaces the loan officer in such an efficient manner. Not only will you find the best loan type, but you will also receive the benefit of Correct Lending shopping your mortgage to ensure you will be getting the lowest possible price loan. Moreover, the process looks simple. What I really like is the unbiased approach to the loan process. Check it out, it could bring about rational decision making, during irrational times!