If you wait to get a mortgage~ You may not get one!

If you've been WAITING to purchase or refinance your home... DON'T!!! You may not get a mortgage if you WAIT:
http://usatoday.com/money/economy/housing/2007-08-05-mortgage-lenders_N.htm?imw=Y

While poor repayment of "subprime" loans to borrowers with blemished credit is the primary concern, there are a few signs that more blue-chip borrowers are also having problems paying their mortgages.

Lenders are quickly closing the door to borrowers with low credit scores, small down payments for a new home or little equity in their current homes.

Homeowners and buyers in high-cost areas such as California, Florida and the Northeast are also reeling as lenders chop "jumbo loan" programs.