So I am a little technology challenged but have decided to attempt to try joining the 21st century as we head in to 2011.
Its odd but you hear a lot about blogs and following them as well as the whole social network deal and what it is good for but at my age.....you just dont think about it.
Well in an interest to try something new and different I have decided to do something new and talk about what I think and take questions on various topics as well. Your questions and your feedback are more then welcome and of course feel free to share this with others so that I can do more with it and exploit myself as well.
Heading in to 2011 there are many that are trying to predict what the mortgage and real estate world will bring us...seriously if we really knew we would be rich as can be and people wold be paying for our advice. But everyone has an opinion and you know what they say about opinions.......
Home prices are near the bottom which makes them a good buy in todays market with interest rates the way that they are. Home prices will eventually go up and so will interest rates...but when is anyones guess. If you read the various papers and articles that are out there.....no one can agree. Lets just agree...that hey will go back up.
It has become to be more difficult to get a mortgage from the standpoint of the paperwork that goes in to it and the prodding and sticking and documentation that is needed...but money is still there and mortgages can be obtained. Just be prepared to think if it as a colonoscopy. Hmmm did I spell that right?
Dont be afraid to refinance your home and dont be afraid of what your value is on your house...we all have lost value in the last few years and we are all ticked oof about it. Blame it on all of the greed that existed earlier in this decade between investors on Wall Street, Lenders, Mortgage brokers, Banks, Appraisers, Real Estate Agents, Loan Officers and of course consumers. Everyoine wanted more....more value...more business, more home and of course more money.
Well I do tend to ramble and this is my first blog post...I think that I did alright but only time will tell.
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