Authored by Kiran & Kiran
http://www.homesandloansphx.com/
602-550-4842

Your home value suffers:  According to the Center for Responsible Lending, foreclosures in your area can hurt your property value. In fact, for every home that goes into foreclosure in your neighborhood, your property value drops by about 1 percent.  So, if you have five foreclosed properties in your neighborhood, your home will fall about 5 percent. And it will stay depressed for at least two years, Click here to find the link to (Link #8) see foreclosures are in your area,

Harder to re-finance:  The foreclosures are pushing many lenders to the edge and that is causing a ripple effect in the housing economy.  The existing lenders are tightening the terms and avoiding medium to high-risk loans all together.  How does that affect you directly?  If your ARM dates are approaching, then it might be harder to refinance as the lenders tighten the terms - you will be most vulnerable if your credit score is not good or if you do not have enough equity in the home.

As always, you may call me to find out if re-financing will be required now.  I can offer a FREE - NO OBLIGATION assessment of your current mortgage and ARM terms and discuss your options. 

Do not stay in the ignorance.  It pays to consult a professional - not any professional, but a knowledgeable one!

Authored by Kiran & Kiran
http://www.homesandloansphx.com/
602-550-4842