new york: Foreclosures in the US..... - 12/07/07 11:44 PM
With the many foreclosures that are around is it wise to give people a brake on there variable mortgage's. I think there is a need, BUT is that really going to show them the responsibility for making there payments on-time and in full.
We as real-estate agent need to better educate buyer of the advantage's and disadvantage's that come along with variable rate mortgage's. We can't put all the blame on the buyer's, especially the first time home buyer's. Most have no knowledge of how these types of loan's work,and we hope that they are paying close attention when we explain and the … (6 comments)

 
John_w

John Wallace

Rochester, NY

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