The last great recession in 2008-2009 was a result of people borrowing money for homes that they could not afford. The banks and the other lending institutions were equally responsible for lending the amounts to people who could not afford to pay back. Therefore, as a responsible citizen, it is a great question...
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Today major news outlets reported a modest increase in the home prices as compared to the last month. When the news about the economy is not positive for the most part, even a slight increase in the home prices is encouraging given the fact that it was the falling home prices that was the...
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Are both you and your community’s builder trying to sell a home where you live? If yes, see how you can use the situation to your advantage! If you are in a new community that has not been completely sold out or where the construction is complete but the builder is stuck with...
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Is it not surprising that even after months of passing the Making Home Affordable Act, hundreds of thousands of people are still not able to refinance? According to the government figures last week, only about 4 percent of the people who applied for a mortgage refinance were able to get a new mortgage. The...
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Well for some there may not be any other option left. The ones who are “under water” have been given unprecedented options to refinance to lower their interest rates to levels that they can afford their monthly mortgage payments. These people who are under water should talk to their bank as soon as they...
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