NAR says that 13,780 houses sold yesterday and 13,780 houses will sell today (based on 2011 sales figures). So….houses are selling. Interest rates are around 4%, meaning that borrowing $100,000 for a 30 year mortgage results in a monthly payment of roughly $478/month! We know already that it’s a “no brainer” for a renter to [...]
Posts Tagged ‘Lender’
What is a Short Sale?
The economy has people looking for ways to save their homes. What if you can’t refinance to make lower payments or can’t sell your home in this market? DON’T go into foreclosure. Try to work with your bank to work out a new payment arrangement that works for you and the bank. Show effort to [...]