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Tuesday, November 06, 2007

 

some morgage issues

I think someone in government and industry missed something with this morgage thing.... asumable loans that allow both the old owner for a period of time and the new owner to take responcibility for the loan.... allows for more equity to get built up in some cases... country wide is allowing refinancing of it's arms as sort of a bailout deal.. The fed own's a bunch of loans that it can make deals on.. It's up to the fed to keep housing deflation from causing other types of inflation.. more pricing stability (unless they sold the loans)...

nationwide has some pretty good terms.. first two pages of your tax return and a recent pay check stub.. no docs are dead unless you put down 20%..

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