The Mortgage Factor: Getting Back to the Basics - 05/04/10 02:45 PM
QUICK FACT #1: What our parents told us was true!
At the height of the housing boom, many borrowers had to stretch to afford a house. In some cases agreeing to spend half their monthly earnings on their home and getting into the mortgage with 100% financing. We all know how that turned out. Now, reducing monthly payments to 31percent is the goal that many financial advisors say is optimal and the amount that is being targeted in the new housing plan to help people who are in mortgage "trouble".
But is that a reasonable goal? And where did that number … (0 comments)

 
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Bob Scherbarth, Associate Broker

Centreville, VA

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Dare to Compare Team of Century 21 New Millennium

Address: 4315 Walney Rd, Suite B, Chantilly, VA, 20151

Office Phone: (703) 424-7613

Cell Phone: (703) 477-1043

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