OH-HAPPY DAY :)

mortgage

According to the news, this is the best time to buy houses; which is another reason that my mom and her brother started looking for different houses. As you have read from my previous post, we went house hunting yesterday. Anyway, I guess one of the reasons why houses are getting so low is because what happened a few years ago. According to the news, there was a time when a lot of people started buying houses because there was an offer I think going on that you can purchase a new house with no down payment and the first three years of mortgage payment will only be the interest rate. A lot of people got excited and started buying without thinking that after three years the rates will increase, which make it harder for them to pay. And because of that a lot of people couldn't’t finish paying the house payments and started having their houses foreclosed. Some people even started selling their house for a lower price just for them to get out of debt. One of the solutions that estate brokers would tell is to refinancing mortgages so that it would be wiser to use the equity that they have build up through their hose. Some can also research the Internet or mortgage loan blog to get more information to help them with their mortgage problems.

Labels: fyi

posted by KAWAiiPRiNCESS@PiXiE @ 12:29 PM