rates: Debt Consolidation Loans, Refinance, Consolidate Debt in DC Metro Area by Mortgage Broker Tim Marose
- 09/24/08 05:37 AM
The DC Metro area was one of the fastest appreciating areas in the country for homes during the last 5 years. Like the old saying goes, “What goes up, must come down”, and many have felt the pinch of the housing crunch over the last year. Falling home prices have caused financial hardship for many, while others have found relief with a debt consolidation loan.
A debt consolidation loan simply uses the equity in the home to pay off other expenses. Let me give you an example of a recent situation and how a debt consolidation loan changed their monthly … (0 comments)
rates: Timing is Everything in the Refinance Market
- 09/16/08 12:08 PM
Timing plays an important role in so many things in our life. There is something to be said about being in the right place at the right time. Buying a stock, purchasing a house, or asking for a raise, are all about timing. Now, refinancing also requires a little bit of timing as well. Earlier today, I spoke to a couple looking to refinance their current mortgage. They bought a few years ago and decided to take out an interest only loan. This is simply a loan that does not require any of the principle to be paid monthly. Rather, you … (0 comments)
rates: Still Waiting to Refinance? Why Gamble with Interest Rates?
- 09/09/08 06:01 AM
The credit crisis got a much needed shot in the arm this week with the government takeover of Fannie Mae and Freddie Mac. Immediately we saw a nice improvement to interest rates as well as many sectors of the stock market. Nobody knows if this is going to be the answer to the housing crisis, but we do know that rates are much lower than they have been in months, so maybe now is the time.
Within the next few months, over 1.2 trillion dollars in mortgages are about to reset. Many of these customers have been waiting and gambling … (0 comments)
The DC Metro area was one of the fastest appreciating areas in the country for homes during the last 5 years. Like the old saying goes, “What goes up, must come down”, and many have felt the pinch of the housing crunch over the last year. Falling home prices have caused financial hardship for many, while others have found relief with a debt consolidation loan.;)
;)
