We all watched as the Stock Markets saw a record fall on Monday (775 points) due to the failure of the first “Mortgage Bailout” bill to pass the Chamber. Minutes ago, the House voted to pass the bill the Senate approved yesterday. None of us our happy about our tax money being used to bail out big Investors that made poor decisions and few know the implications of such a bill. As a small business, we have always used good judgment and sound financial advice with our customers, however the effects of the bad decisions others (clearly more powerful than us) have made, has had a negative impact on all of us. There are still many great loan programs available at excellent rates. In July 2008, President Bush signed the "Housing and Economic Recovery Act of 2008" which gave 300 billion to FHA to refinance distressed loans in addition to a program that allows qualified buyers to purchase FHA forclosures with $100 down. This is available now. For details on this and other loans, feel free to call. We encourage anyone who has been waiting for the “right moment” to apply now. Comments are welcome.