Monday, July 16, 2007
Maybe it's because the web has gotten to be a popular tool for finding a home. Or maybe it is because people like to network and research and this is easier than going to the recorder of deeds or your local government offices. If only we could build houses in cyberspace and actually move into them. Betcha we could save a buck that way. I wonder if a digital house would get viruses, that would be bad and probably pretty scary.
Being a home owner IS scary. Particularly for people who allowed a bank to get them in over their heads with an adjustable mortgage rate plan. DO NOT DO IT. You don't know how much you will be making in 5 years, maybe you'll be well off and an increased rate won't hurt any, but is it work the risk?
Brian and I are in the midst of finalizing our first mortgage and we'll be closing on a house this summer. It's stressful to think about all of these financial matters and I think banks sometimes want you to think they are taking care of you...when...they might not be. If you have bad credit and are trying to get a mortgage it might be best to wait it out, stay somewhere else or rent until you can repair your credit so you can go into buying a home feeling more financially stable. A good bank will tell you that and they will work with you on trying to handle debt consolidation.
Just some tips I feel like sharing. Since I know how overwhelming this can be. =o)
This post has been sponsored.
Being a home owner IS scary. Particularly for people who allowed a bank to get them in over their heads with an adjustable mortgage rate plan. DO NOT DO IT. You don't know how much you will be making in 5 years, maybe you'll be well off and an increased rate won't hurt any, but is it work the risk?
Brian and I are in the midst of finalizing our first mortgage and we'll be closing on a house this summer. It's stressful to think about all of these financial matters and I think banks sometimes want you to think they are taking care of you...when...they might not be. If you have bad credit and are trying to get a mortgage it might be best to wait it out, stay somewhere else or rent until you can repair your credit so you can go into buying a home feeling more financially stable. A good bank will tell you that and they will work with you on trying to handle debt consolidation.
Just some tips I feel like sharing. Since I know how overwhelming this can be. =o)
This post has been sponsored.
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