bankruptcy: The Importance Of Not Being House Poor.....Lets Learn From Our Mistakes.
- 05/06/11 11:58 AM
What happens when your wants do not meet up with your housing budget? When told of the amount you have available are you determined to use it all? If it doesn't seem like enough do you borrow from family and then have to pay them back later?It seems the vast majority of all buyers I work with do want to use all of their budget and sometimes more. Is this wise with the wreckage of the last generations overindulgences in the housing market still in the process of foreclosure? Generally it is reccomended to keep your mortgage payment to about 25% … (7 comments)
bankruptcy: So You Have Chest Pain? Who You Going To Call?
- 05/04/11 02:41 PM
Ghostbusters?! No probably a doctor or an ambulance right! I am amazed at the amount of people that ask their friends for advice about real estate transactions. While some of them could be correct in what they are saying there are just as many that don't know what they are talking about. Some of the misconceptions that I have heard in the last month. 1. That you have to wait seven years for a bankruptcy to fall off your credit report to be able to get financing for a loan. 2. That with the current tightening of banking procedures it requires … (7 comments)
What happens when your wants do not meet up with your housing budget? When told of the amount you have available are you determined to use it all? If it doesn't seem like enough do you borrow from family and then have to pay them back later?It seems the vast majority of all buyers I work with do want to use all of their budget and sometimes more. Is this wise with the wreckage of the last generations overindulgences in the housing market still in the process of foreclosure?
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