mortgages: Fix The Market - Post Three!
- 12/13/11 02:29 PM
A customer called me. I've made several loans for him over the years. He's been a fairly successful guy over the years, but like many, he's fallen on hard times. He currently doesn't own a home, having short sold a few years ago after nearly suffering a divorce. He's been a small sub-contractor who used to employ a crew of 20 to 30 employees. With the slump in the economy, his income was reduced by more than 70% from normal, even farther when you consider where he was at the peaks of the economy. He's struggling with debt left over from a lifestyle developed at … (2 comments)
mortgages: National Sales Increasing?
- 11/22/11 01:29 AM
Yesterday, the National Association of Realtors announced that home purchases rose 1.4%, beating economic forecasters estimates for the month. Is this a sign of good things to come? Affordability is at record levels. Lower prices, and low interest rates have created opportunity for homebuyers who haven't been able to justify buying. In our market place some home buyers are getting house payments not only lower than what they could rent the house for, but for a little more than a luxury car payment. Is this the time to buy? Perhaps. It depends on the buyer, and it depends on the buyers … (2 comments)
A customer called me. I've made several loans for him over the years. He's been a fairly successful guy over the years, but like many, he's fallen on hard times. He currently doesn't own a home, having short sold a few years ago after nearly suffering a divorce. He's been a small sub-contractor who used to employ a crew of 20 to 30 employees.
;)
;)
