As the turmoil from the credit crisis continues, it seems that lack of finance may exacerbate an already rapidly slowing housing market in the US. Given the recent implosion of Bear Stearns because of a liquidity crisis it highlights that cash truly is king and as a result lenders have suddenly started paying attention to risk. The aphorism ‘if you owe the bank $1000 it’s your problem and if you owe the bank $1000000 it’s their problem’ has come to haunt lenders that have been prepared to ignore risk factors in making lending decisions. Given that upto 10% of US borrowers are now in negative equity (i.e. they owe more than the property is worth) has caused a surge in repossessions and also caused the multi billion dollar writedowns from large financial institutions it makes for very troubling times. Nonetheless, people still require mortgages and during these challenging times it’s vital to get the best possible mortgage deal. Often going through a mortgage broker affords you access to a much larger choice than simply going to one financial institution. At times like this it’s worth remembering getting a comparison from multiple lenders helps get you the best possible deal. www.mortgagebrokerdirectory.us provides a huge searchable database of mortgage brokers to start your search.