Mortgage Buy Out Will Not Work
October 9, 2011 by admin
Filed under mortgages, real estate info
Originally posted 2009-03-29 05:04:32. Republished by Blog Post Promoter
With the bottom not in sight according to Scott Pelley’s report, the government’s mortgage buyout will not work.
The question becomes why are we spending this money on bail out the mortgage companies. Some believe it is to unfreeze the lending institution so they will lend. I believe that bailing the mortgage companies out by giving more money to a continuing problem creates an inflation bubble that will take over 10 to 15 years to get out of. So beware before you say yes to another bail out.
Mortgage Crisis Is Not Over
March 28, 2009 by admin
Filed under mortgages, real estate info
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.
