durham real estate: Are ARMs a Good Thing for Most or Should they be Dissed? - 02/11/10 02:17 PM
Getting a mortgage at 1% less than a conventional approach might seem like a great idea, but beware the future of interest rates if you expect to be in the house more than 3 to 5 years. If your income is rising and home values start rising again, then that 1% can look pretty good. But if the home price stays the same, or decreases; and your income stays the same or decreases; and mortgage rates begin to climb: watch out! ARM or Diss-ARM on my BestHomePro blog. BestHomePro is just launching its MarketPlace. Direct-to-consumer search services, a promise
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durham real estate: First Time Home Buyer Credit - Perspectives - 10/22/09 09:59 AM
It seems that Realtors and consumers and The Feds are so eager to boost the economy that they believe a variety of stimulus packages will make everything right. I am not so sure. The Wall Street Journal had an article a few days ago discussing the benefits and drawbacks. As I read it I was wondering if The First Time Home-Buyer Tax Credit program is actually beneficial. Is it just sticking a finger in one part of the dike, only to have water squirting elsewhere. The Cash for Clunkers Program was a big hit for a while, but it sucked-up demand
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