Mortgage Regrets?

Do you know what type of mortgage you currently have? According to The Residential Specialist Magazine just 2 years ago 26% of people were clueless as to what type of mortgage they had. Today that number is just 8% as consumers have become more knowledgeable about mortgages. 90% of homeowners say they have no regrets about purchasing their home while the homeowners who do have regrets say they regret their inability to resale the home or their inability to make the payments. Fixed rate mortgages are becoming more popular with 4 of every 5 mortgages being a fixed rate mortgage ( a loan where the interest rate is locked in for the term of the loan vs an adjustable rate mortgage where the initial interest rate is low then adjusts upwards every year). If you need help finding a reputable lender to finance your home purchase let me know and I will recommend several lenders who can get the job done with your best interest in mind.

Move vs Remodel?

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  Should You Move or Remodel?

  When your house no longer suits you, you can move or remodel. Find out which big change is the right investment of your housing dollars. Read

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Copyright 2010 NATIONAL ASSOCIATION OF REALTORS®

FORECLOSURE OPTIONS

A new website Knowyouroptions.com is up and running with information to help consumers who are behind on their payments and faced with a possible foreclosure. The new website launched by Fannie Mae includes a list of resources including housing counselors, credit score information and Fannie Mae resources. It also provides important tips for recognizing and avoiding foreclosure scams. If you are concerned about your home loan go to www.knowyouroptions.com and check it out.