Category Archives: Home Loans

Home Payment Changes in 13 Years

Posted on April 3, 2012 by admin

In 1989, you would pay right around $1,000/month for the median home.  In today’s dollar value, that is just over $2000/month. Reality is, today people are not paying $2000/month (which would have been keeping up with inflation).  Because interest rates have dropped and new home prices have also dropped so substantially, a new home will [...] Continue reading →

Posted in Buying, Home Loans, Housing Market, Mortgage | Comments Off

Can I Refinance With Negative Equity?

Posted on November 7, 2011 by Real Estate Talk

Is it possible for people that owe more on their house than its worth, and have negative equity to refinance their homes? It is, it’s kind of difficult right now but it may be more possible in the near future. The nice thing about this is that allowing people who are underwater to refinance at [...] Continue reading →

Posted in Home Loans, Negative Equity, Refinance | Comments Off