Finance Articles

John Sauro, President of North Atlantic Mortgage Corp. Makes Appearance on Bloomberg TV

Stamford, CT (PRWEB) September 23, 2006 -– John Sauro, President of North Atlantic Mortgage Corp. appeared on Bloomberg TV, September 5, 2006.
         
The video can be viewed at www.northatlanticmortgage.com.

He addressed the unemployment numbers released and what they mean to the real estate and mortgage markets.

Mr. Sauro said, “What really drives the housing market is the unemployment rate. We still have a healthy economy and people are working. Depending on what the unemployment number is today, we can gauge activity in the mortgage and real estate markets. Even in the 1980’s when interest rates on mortgages were double digits, people still bought homes and took out mortgages. Why? Because they were working and could afford the mortgages.”

He continued, “People should be looking at taking out blanket mortgages now. These allow homeowners to buy their next home without selling their existing home, allowing them to wait for the right price. The two loans are combined into one loan using the equity in the first house. Also, I believe interest rates will be trending lower in 2007, so adjustable rate mortgages are still an option to consider depending on individual circumstances.”

North Atlantic Mortgage Corp. is a Stamford, CT based licensed mortgage banker, registered with the Connecticut Banking Department. It is a registered mortgage broker in New York, Florida, Massachusetts and Colorado. The company is celebrating its 10th anniversary.

North Atlantic Mortgage Corp. has made available to the public at no cost, copies of the informational report, “Sophisticated Jumbo Financing” which is a comprehensive primer on mortgage options. For a free copy, the public can call 877-794-5363.

The North Atlantic Mortgage website is www.northatlanticmortgage.com.

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