Sure, lending standards are going to tighten. But on the other hand, mortgages rates have dropped already. And if the housing market and the mortgage loan market wants a recovery, they will have to drop further. If you have good credit, and if you can provide good documentation, you could get a good deal on your mortgage loan interest rate.

Another interesting thing to consider is that you have other opportunities associated with the subprime lending crash is the drop in stock prices. Yesterday’s rather dramatic fall, and today’s rather spectacular struggle on the stock market are leading to some good deals in terms of investments. You can pick up some stocks for cheap. But remember to carefully consider your options. You want to buy stock in a company that will likely recover.

Post from: EveryJoe

What the Subprime Lending Crash is Going to Do to You