Even though interest rates aren’t quite as low as they at other points in the last couple of years, they are still quite attractive. On top of that, home prices are still somewhat low. For these reasons, many think that now is a great time to buy a home. But before you purchase a home, it is a good idea to make sure you are really ready to buy a home:>>> [Read More]
Category Archives: Real Estate
Is Home Ownership Still Part of the American Dream?
For a long time, we have thought of home ownership as part of the American Dream. You could own your own little patch of ground, and make it your own. However, things may be changing. Home ownership may no longer be considered a huge part of the American Dream. Indeed, some may prefer to rent.>>> [Read More]
Could Foreclosure Be a Smart Financial Move?
Ever since the subprime lending market began its decline about three years ago (there were strident warnings about subprime in 2007, a full year before the global financial crisis) there has been something of a debate surrounding whether or not foreclosure might actually be a smart financial move in some situations. There is even a name for a foreclosure done on purpose: “strategic default.” There are, of course, issues surrounding the idea of strategic default, and anyone deciding that foreclosure is the smart play will have to work through those issues.>>> [Read More]
What To Do If You’re Underwater on Your Mortgage
The falling home values that came with the mortgage market crash and recession have resulted in a number of homes showing negative equity. These underwater mortgages could possibly put a strain on the economy if they result in foreclosure. However, it is not a foregone conclusion that foreclosure will result when you have negative equity.>>> [Read More]
