Real estate blog entries tagged with rates by Carlos Cardo (RE/MAX Alliance)

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Home : Blogs : Carlos Cardo : Coffee Thoughts : Tag "rates"

rates: Okay, how can we stabilize the market? Here's a thought! - 10/18/10 07:38 PM

Looking at all the news about shadow inventory, foreclosures and short-sales, I wondered what can be done to stabilize the situation. Mortgage payments for some due to high with ARMS, sized-down employment, death of a spouse/partner, and military moves are causing a good number of Foreclosures and Short-sales.
Could it be that the answer lies in the "Payment"?
There are only five ways to lower the payment:
•1.   Lower the loan amount (forgive the difference)
•2.   Lower the interest rate
•3.   Increase the term by adding years
•4.   Interest only payments for a while
•5.   A combination of the above
If … (1 comments)

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Carlos Cardo

Virginia Beach, VA

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RE/MAX Alliance

Address: 4701 Columbus St, Suite 200, Virginia Beach, VA, 23462

Office Phone: (757) 456-2345

Cell Phone: (757) 971-3574

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Sometimes with a good cup of coffee suddenly a thought happens......

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