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We are only half through this crisis according to Scott Pelley’s report.
Option arm and interest only loans have not hit the market yet.
Interestingly enough, the second mortgage crisis would not have existed without these so called “ninja loans”, the option arm and the interest loan.
It is time to refinance if you qualify. Visit www.amerisave.com/snbrown for the latest rates. Your credit score to qualify for a loan will have to at least be 700 and you may have to pay up to 20% down.
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mortgage crisis isn’t over yet? i agree, we need to be prepared for more and worse economic crisis.
Mortgages’s last blog post..AIG,WaMu,Lehman Brothers,Fannie Mae and Freddie Mac, Who Next
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