I know that the housing market isn’t doing well right now, and with the new fear of the problems with the stock market, many financial institutions and brokers are worried that no one is interested in taking out loans anymore.

That’s hardly the case, though — with the current talk about a rate cut, people are getting loans, just not necessarily for buying homes. For instance, my husband and I are talking about refinancing our mortage while the rates are low, and trying to get enough extra out in cash (ideally at the same payment per month, just a lower interest rate) that we can build a garage.

Another reason that people might be interested in getting out a loan is to do upgrades to their house. For instance, a good home security surveillance system can be expensive, but having security cameras, especially wireless hidden cameras, is so much better than just having a door alarm. However, in order to free up this kind of money, many homeowners may need to get a loan or refinance their mortage.

My point is, buying mortgage leads is not pointless right now, even though the credit markets are having some troubles. People are still borrowing — in fact, in many ways they need to more than ever, because no one has the cash for the things they want anymore — let alone the things they need!

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