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Mortgage Trends

By
Real Estate Agent with REeBroker CA Lic #01341858

Let's Talk about Financing!

Just like to commercial* says, "People are smart."  They know a good deal when they hear one.... 

I came across a report that said that there are a few trends emerging with mortgages:

  1. Choosing a Fixed Mortgage for a Re-Fi
  2. Going with an ARM for a purchase
  3. Consolidate debt into the refi
  4. Go with a local agent

You can read the entire report here.

 

 

 

 

*I don't know about you guys, but that commercial kind of creeps me out. I mean, what is that guy with the pointer? A squirrel? A guy with a funky beard and goggles and aviator's cap? And what with the eyebrows? Are those even eyebrows? Is he smiling? Is he bucktoothed? Is there really no difference between a "magician" and an "illusionist"?  Wait, is that guy supposed to be the magician? ... Quick TiVo, fast forward!

Jason Schweiger
Modus Mortgage - Auburn, WA
Loan Originator: Modus Mortgage
They are learing from mistakes of many that did not make the right choice.
Sep 28, 2007 04:45 AM
Carol Knighton
Reverse Mortgage Speciaist - Leesburg, FL
This seems really basic. What's the difference between "good practice" and a "trend?" I guess that if a person doesn't have to start with an ARM, he or she wouldn't. But still -
Sep 28, 2007 06:45 AM