Silver Creek Valley Homes For Sale | Is Family Mortgage Debt Out of Control?

Silver Creek is one of the most beautiful valleys in the San Jose area with beautiful scenery and rolling hills.    

There's is an abundance of open space, hiking trails, great schools and charm. Locals know that  Silver Creek is a great place to raise a family.   

While some people may say that the area is energized by new growth and rapid changes, Silver Creek somehow retains its old-fashioned charm and authenticity to provide a tranquil life for your family   

Connect with the past, present and future in Silver Creek Valley, one of the most charming neighborhood you’ll find in the San Jose area.   

Every home buyer has a wish when looking for a home, while not all of them are granted, the ‘feel good magic’ happens when they start seeing homes around neighborhoods of this beautiful valley.   

Is the people what makes this place a little different from others, It's a great place to live.   

Neighbors welcome you with open arms and share indiscriminately the beauty and charm that Silver Creek has to offer.   

Today I would like to point out specifically about  Is Family Mortgage Debt Out of Control?

Some homeowners have recently done a “cash out” refinance and have taken a portion of their increased equity from their house. Others have sold their homes and purchased more expensive homes with larger mortgages. At the same time, first-time buyers have become homeowners and now have mortgage payments for the first time.

These developments have caused concern that families might be reaching unsustainable levels of mortgage debt. Some are worried that we may be repeating a behavior that helped precipitate the housing crash ten years ago.

Today, we want to assure everyone that this is not the case. Here is a graph created from data released by the Federal Reserve Board which shows the Household Debt Service Ratio for mortgages as a percentage of disposable personal income. The ratio is the total quarterly required mortgage payments divided by total quarterly disposable personal income. In other words, the percentage of spendable income people are using to pay their mortgage.

READ MORE: https://www.siliconvalleyrealestateteam.com/blog/silver-creek-valley-homes-sale-family-mortgage-debt-out-control/

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