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Casual Articles - Lower Interst Rates Will Not Solve The Housing Debacle
People often ask about "hard money loans" and the truth is they should be called hard money loans because it would be hard to imagine paying the rates and fees associated with them.A hard money loan is a loan made by a non bank institution (often wealthy individuals or investor groups) to someone who has demonstrated a failure to manage
No.
Why?
The banking system funded by Wall Street which allowed the low, low down payments and looked the other way on “truth in lending” for applications are now the very ones who insist that all applications be verified. No more hanky panky.
Buying term life insurance can be a daunting experience for some people. Just like in many industries, insurance policies use words that are defined differently than what the common definition is. As the insurance industry has a vocabulary of its own, the best thing to do would be to educate yourself on some of the key words so that when it co
John Q. Homeowner seemed unaware that his foot was in the bear trap and that he willingly put it there. Lured on by promises of 1% financing and no money down millions of folks who lusted after owning their own home signed papers without a thought to the future.
Real estate agents and mortgage brokers enhanced their dreams by allowing hundreds of thousands of buyers to falsify mortgage applications. The fireman, policeman, school teacher or any category you might wish to name were fudging their gross pay. All parties to the transaction knew it.
The lure of no or little down payment and a mini-monthly payment (for a while) was too great. The fine print has suddenly jumped into bold and payment amounts will double and triple. That $400/month payment has jumped to $1,200 and the home buyer knows he can’t make it.
What to do?
The bank or mortgage company does not want the house. Sometimes they will accept a lower payment, but many will not. The mortgage maker has stockholders and they want to see a return on their investment. Too bad for the home owner. He is evicted under a foreclosure.
Will lowering of interest rates by the Federal Reserve solve this problem?
No.
Why?
The banking system funded by Wall Street which allowed the low, low down payments and looked the other way on “truth in lending” for applications are now the very ones who insist that all applications be verified. No more hanky panky.
T
‘Domain Name' simply describes an Internet address, a web site address if you like, such as www.mysite.com, and millions more besides. There's no doubt about it, domain names are big money, but the heady days of the Dot Com Boom are way behind us now and few people rush to pay millions of pounds for virtually anything ending .com But it's st
The lure of no or little down payment and a mini-monthly payment (for a while) was too great. The fine print has suddenly jumped into bold and payment amounts will double and triple. That $400/month payment has jumped to $1,200 and the home buyer knows he can’t make it.
What to do?
The bank or mortgage company does not want the house. Sometimes they will accept a lower payment, but many will not. The mortgage maker has stockholders and they want to see a return on their investment. Too bad for the home owner. He is evicted under a foreclosure.
Will lowering of interest rates by the Federal Reserve solve this problem?
No.
Why?
The banking system funded by Wall Street which allowed the low, low down payments and looked the other way on “truth in lending” for applications are now the very ones who insist that all applications be verified. No more hanky panky.
Marketing results should be measured in only one way – increased sales. Marketing should not be considered an art form. Its mere existence is not enough. Marketing is the first step to the sale. There are seven underlying principles upon which to base your marketing strategy and efforts. Follow them and your business will be a raving success.
What to do?
The bank or mortgage company does not want the house. Sometimes they will accept a lower payment, but many will not. The mortgage maker has stockholders and they want to see a return on their investment. Too bad for the home owner. He is evicted under a foreclosure.
Will lowering of interest rates by the Federal Reserve solve this problem?
No.
Why?
The banking system funded by Wall Street which allowed the low, low down payments and looked the other way on “truth in lending” for applications are now the very ones who insist that all applications be verified. No more hanky panky.
More than 1.6 million families in America alone struggle with debt problems. For these people it seems as though the end of the world is near. The fact is, the end of the world is not at hand, i.e. in debt issues because debtors have many options to relieve themselves of debt issues.In 2004, more than 1.7 million American’s filed for ba
Will lowering of interest rates by the Federal Reserve solve this problem?
No.
Why?
The banking system funded by Wall Street which allowed the low, low down payments and looked the other way on “truth in lending” for applications are now the very ones who insist that all applications be verified. No more hanky panky.
Simple as a daisy in a clear blue sky, the secrets of marketing are obvious. What you don't see, you won't readily believe. That's it. That's all there is to it. If your client can't see it, they aren't going to believe it.The simplest language will take your further than ultra remote words that obscure the ferver of your purpose.
No.
Why?
The banking system funded by Wall Street which allowed the low, low down payments and looked the other way on “truth in lending” for applications are now the very ones who insist that all applications be verified. No more hanky panky.
That 1% mortgage may be refinanced at 5, 6, 7% or more, but the owner must now tell the truth. When he tells the truth he will not be able to qualify for a new mortgage so…….foreclosure. Lowering interest rates will not solve anything because there are not enough people who can qualify under the truthful rules.
Joe Sixpack who makes $50,000/year will not qualify for that 3 bedroom, 2 car garage brick house when refinancing is required.
Currently there are more than 2 million vacant homes in the US not counting condos. Because of the millions of mortgages due to be refinanced this year that number could easily double or triple. The reason is more than 20% of all mortgages made during the past 2 years were sub prime and to date 12% are in the foreclosure process.
The Fed will continue to print money out of thin air, but the banks under the tighter regulations will refuse to lend. This credit contraction which will ultimately cause a severe setback in the stock market. When the dominos begin to fall it could easily be a comparison to the decline of 2000. That took 3 years to bottom. There is no way to know how long this might last.
We have not seen the worst of this s
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