SOURCE: Business Enthusiast Matt Argall

Business Enthusiast Matt Argall

March 27, 2015 00:34 ET

Matt Argall Forecasts Upswing in Mortgage Industry

MIAMI, FL--(Marketwired - Mar 27, 2015) -  The U.S. subprime mortgage crisis between 2007 and 2009 affected not only the housing industry, but the economy in general and is said to be the main contributor to the coinciding recession that took place in the United States and around the globe. While the country was able to claw its way back from the brink of economic collapse, the effects of it still linger. Sadly, one of the main remnants of the disaster is the increased difficulty for the average person to secure a mortgage loan. Now, renowned entrepreneur Matt Argall aims to help fix that and forecasts a dramatic resurgence of the real estate industry.

The proliferation of subprime lending was certainly a large factor in the latest crisis. This practice of granting loans to high-risk borrowers jumped sharply between 2004 and 2006 -- with most of the loans being of the adjustable rate type. When home prices fell drastically, it became more challenging for borrowers to refinance. With the adjustable interest rates being reset at higher figures, the payments became impossible, and delinquencies soared. "Many firms held securities that were backed by these mortgages and lost much of their value," exemplifies Argall. "Now, to prevent another disaster, rules have become infinitely stricter." And while this was certainly a necessary move, it is bad news for many families hoping to buy a home. Not only is it more difficult to qualify for a loan, it has also became harder to find a conventional lender as many banks and other large lenders have moved away from the mortgage business due to the stifling new restrictions and ever increasing oversight.

This development, however, opened the door for competent nonbank institutions to offer their services. "Smaller, completely private nonbank companies, are not subject to the same restrictions as the banks," Matt Argall explained succinctly. "As a result, the process is streamlined and simple -- which in return means affordable mortgages for the clients." With a skilled in-house team already in place and vast experience as a versatile entrepreneur, Argall is well positioned to quickly gain a foothold in the real estate field. Beyond seeking out the most appropriate loans, he is looking forward to helping aspiring homeowners navigate the application process, which otherwise can be lengthy, complicated, and quite intimidating. "I know the importance of being able to purchase a home that's right for a person and their family," Argall said earnestly. "It means a lot to me to help make that dream come true."

Matt Argall is an enthusiastic entrepreneur who made his first business experience at the age of 17 when he, together with his best friend at the time, saved a big online company selling wholesale products online. Since then he has applied his marketing skills founding a number of companies in various industries, including the gas and electricity industry, where he employed 100 people in call centers in the United States and another 400 overseas, in the Philippines. Lately Argall has been looking into opportunities in the water filtration, greeting card, supplement, and, most recently mortgages industries.

Matt Argall's Role Model:

Power Engineering Article:

Contact Information