The bad news about the housing market slump is well known. In fact, this is undoubtedly the most widely forecasted housing slump in the history of the world. Just a couple of years ago when the housing market was booming, the hot question was, “When will the housing bubble burst?”
Well, the housing market bubble has [...]
Posted in Debt Consolidation | Tagged afford, can, falling, House, how, i, interest, Much, now, rates, With
A lot of the press today is states that interest only loans are “bad” and that they should be avoided. Instead, let’s examine why you might want to get an interest only loan. Once you understand how the typical product works, you can make your own educated decision. Think of your mortgage as [...]
Posted in Debt Consolidation | Tagged 20, buy, deductibility, Homes, interest, loans, maximum, more, only, percent, With
The world of mortgages is confusing at best. There are literally thousands of mortgage companies anxious to loan you money and hundreds of terms to learn. Where do you begin, and how on earth can you compare mortgages to find out what is best for you? To begin, it is most helpful to learn the [...]
Posted in Debt Consolidation | Tagged Explained, interest, mortgage, rates
All construction-to-permanent loans, especially owner builder loans, have two sets of interest rates – one rate during construction and one permanent mortgage rate once you are done building. If an owner builder can find a way to lock the permanent mortgage rate now, prior to construction, he can save a lot of money over the [...]
Posted in Debt Consolidation | Tagged an, as, best, builder, in, interest, lock, owner, permanent, rate, the, to, way, your
This week 30 year mortgage rates rose over half a point. This is the largest one week increase this year. It’s interesting that the rate increases happened after the bailout was passed by the government. Although this is not a sign the bailout will fail its not a positive sign of its [...]
Posted in Debt Consolidation | Tagged After, bailout, dramatic, interest, Make, mortgage, passes, rates, rise
