I keep hearing about incredible low low mortgage rates... I’d like to know who are getting these historic low interest loans!!! Here’s the truth; the people who really need the help are being turned away in droves. It’s like watching a heard of majestic elk being hunted down, and driven over a cliff to their death! It sounds extreme right? The fact is, if you have an adjustable rate mortgage that required 100% financing, and if your rate is about to go up with zero appreciation…you are definitely heading for that cliff! More often than not, the reason for not qualifying for a low interest mortgage is not a credit issue but rather a lack of value issue. You might be shocked when you learn that 10 or so of your neighbors lost there homes to foreclosure. Since those homes were sold un...
Comments
0