Happy New Year to all!

First and foremost a very big thank you to all who made 2004 a prosperous and enjoyable year. I have now been back at Perl Mortgage for a year. Wow, time flies when you are enjoying work. Thank you to all.  Let’s take a look at what we can expect for 2005. All things considered, the US economy still looks strong. Housing Starts, New Home Purchases and Consumer Confidence have all been up, in spite of the war and other uncertainties.

Interest rates are still low, regardless of the Federal Reserve’s repeated rate in- creases. *Note to all the naysayers about interest rates: The Federal Reserve has raised rates for fear of inflation which is caused by a strong economy, which is good news for everyone. If you still think rates are too high, it is obvious you have not been working with Dean Vlamis at Perl Mortgage!

All economic indicators point to a strong job growth for 2005 with GDP remaining constant. As a recap, 2004 grew at a 4.2% GDP with the economy adding jobs every month. It has taken some time, but we have come out of the recession and are heading for a strong expansion.

Mortgage Notes Perl Mortgage is a full service lender. From application to underwriting, funding to closing, your client’s loan starts and stays with us. Your client no longer needs to sit through long hand written applications and wait for approval. Perl Mortgage works with your clients to make the process smooth and stress free. No hassle. No waiting. No nonsense. Perl Mortgage. It’s just that easy.

New Construction/Conversion Condos: Many issues arise when buyers want to purchase in a new construction/conversion condo. This is especially true when they are the first in, or one of the firsts in, and the pre sale on the project is low. Some lenders refuse to even look at such a building. Perl Mortgage has stepped up with programs that can help your clients be the first in, regardless of the pre sale. On many of our developments, we have warranted the project, thus enabling the buyer to qualify for a wide array of mortgage products.

Contact me for details.