Recently there's been a lot of negative press about the housing market. Rates are going up, demand is way down, foreclosures are on the rise, loan requirements are getting stricter, and some mortgage companies are going under.

All these factors have left some people leary of getting a new mortgage. But for some people now is the perfect time! Specifically, first time buyers and existing homeowners who are struggling with rising monthly payments should act now!

After many years of being priced out, first time buyers now have their opportunity, as a glut of investment properties are hitting the property listings. Some people are holding out because they believe prices will come down further. They're probably right. But they need to realize that loan requirements are also sure to become tighter. If you have enough cash to make a 15 or 20 percent down payment you can hold out for longer. But if not, now is the time to act.

For existing homeowners, if you're in a low fixed-rate mortgage which you can afford, and you don't need to cash in on your home equity, you might be fine. But for others, especially those with an adjustable-rate mortgage (ARM), now is the time to act. Some people don't know what type of mortgage they have. Others were told they have a fixed-rate mortgage when really those super low payments are going to an unsustainable Option ARM. In either case, don't wait until you monthly payments have spiraled out of control and you're staring foreclosure in the eye. Act now before rates shoot up beyond your reach and your credit is battered and bruised.

For the most accurate and reliable mortgage advice, consult America's Lending Partners. There's more to us than just some flashy ads and empty promises. We have the services, expertise and information you need, and the honesty and integrity you deserve.