I get this question a lot lately. Is now the time to buy? Have we hit bottom yet? All debatable for sure. I think the answer depends on where you live and what your current financial situation is. Personally I believe we are probably about half way through this foreclosure crisis. I believe this is a great time to be a buyer but of course a bad time to be a seller. Are we at the bottom? Probably close to it but there are great deals all across the country, especially in areas like California, Florida, Nevada, Hawaii and Arizona where prices (0 comments)
homeowner stability plan: Homeowner Affordability and Stability Plan
- 03/05/09 09:29 AM
Okay this is for those of you who wanted to refinance to a lower ratebut could not due to a Decline in Property value. Now with this new loan program you may be able to refinance and get a Low Fixed interest rate if you are current on your mortgage payments. This New program Rewards those of you who have made your payments on time but have had a decline in property value to where you are above 80% loan to value but are no worse than 105% loan to value on your current First mortgage. You may even (0 comments)
This is my blog all about the world of Mortgages and financing.
I will cover a variety of topics from what is happening in the current housing and mortgage market to how this affects you and your finances and what you can do to put yourself in a better situation financially.
God Bless,
Dan Chapman