So much news coverage has been given to the housing crisis, to which not many economists attribute the Global Economic Recession to. Record numbers of foreclosures have discouraged prospective homeowners from buying their dream homes; for fear that mortgages will just become unbearable as the economy continues to decline, which will most likely lead to repossession of their houses. The answer to such fears is lower mortgage rate.
Thursday, April 2, 2009
So much news coverage has been given to the housing crisis, to which not many economists attribute the Global Economic Recession to. Record numbers of foreclosures have discouraged prospective homeowners from buying their dream homes; for fear that mortgages will just become unbearable as the economy continues to decline, which will most likely lead to repossession of their houses. The answer to such fears is lower mortgage rate.
Wednesday, April 1, 2009
Let's begin with a quick explanation of what exactly is a fixed rate mortgage? It's a mortgage where you get to agree on a period of time (say a few years) where you have a fixed interest rate. It won't alter for the length of the fix.
Friday, April 10, 2009
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