Good thing this "recovery" is going so well!
05-19-2010, 12:39 PM
#12
Registered
If anyone knows of anything I am all ears, again not that I have to get out just would be nice too refi. I have heard that they are coming out with a loan for those "upside down" home owners. I am in no way of any danger of losing my home just looking to save some money, for boat gas
Call your lender that holds your loan or give HUD's help line a call.
05-19-2010, 01:03 PM
#14
Registered User
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Thanks the for information
05-19-2010, 01:06 PM
#15
Geronimo36
Gold Member
My business has been slowly turning around since the beginning of the year... I closed 3 deals last week alone and I'm hiring sales and recruiters to support the needs....
I spoke to a renovation and marble guy at the Mahopac run Saturday. He said he's having one of his best years so far...
I'm optomistic!
I spoke to a renovation and marble guy at the Mahopac run Saturday. He said he's having one of his best years so far...
I'm optomistic!
05-19-2010, 02:55 PM
#17
JC Performance Engines
Gold Member
What is the $ limit on the home/loan?
05-19-2010, 02:59 PM
#18
Geronimo36
Gold Member
It's not necessarily a bad thing from my perspective... We don't need people buying boats, cars and RV's on equity lines or using them as personal checking accts..
05-19-2010, 04:47 PM
#19
Registered
Here's another thing to keep in mind. 96% of home loans written in the 1st quarter were government in some way FHA, FNMA, FHLMC.
At some poin they have to cut off the unlimited line to Fannie and Freddie and right now there is no private market anymore so I think real estate will not get better for a very, very long time.
At some poin they have to cut off the unlimited line to Fannie and Freddie and right now there is no private market anymore so I think real estate will not get better for a very, very long time.
05-19-2010, 05:44 PM
#20
Pretty much most of what people called "the good times" last decade. Smoke and mirrors. I feel better when the old ways go back into place, no more funny money. It's great when it gets filled up, but the sucking sound as the economy goes down the drain is not good.
