Two Tips Not About Selling Houses ! !
This isn't about selling houses, but it might be about saving homes, and families.
Every day a new story crosses my desk about the effect that adjustable rate mortgages ( ARMS ) are having on the Real Estate Market. Todays clips talked about how the number off households in some phase of foreclosure is nearly 32% higher than the previous 6 months. Foreclosures were up 62% from April of 2006. And finally, 1 of every 783 homes was in default. The cause was suggested to be rate adjustments and limited refinancing dollars. The conclusion was, the Real Estate Market was in trouble.
To me it's not about the market, it's about families, and the family home. Markets shift.... they correct.... they go up.... and they go down.
Foreclosure however is a life altering experience for every member of the family. I don't even want to think how devastating it must be to lose the family home. So here are my 2 tips...
Tip.. # 1. Consider Refinancing... If you have an ARM or other hybrid loan that adjusts within the next 18 months, ( I can almost guarantee it wont make your payments less. ) Look for an alternative...NOW.
Tip.. # 2. Call Candy Olson...801-838-9831. I usually give clients the names of 3 lenders that I have used and respect and let them choose who they want to work with. In this circumstance though we need someone with Candy's experience, credentials,work ethic and integrity, to beat the bushes for the right product at the right price. Don't be embarrased, Candy understands the problem and I know has been warning folks to be careful for the last 2 years. She knows that few families can stand an increase of 20 to 25% increase in their house payment, so she will work hard on your behalf. I guarantee it.
You can reach Candy at www.silverrm.com good luck.