Housing - The Economy - Mortgages - Refinancing
Wow. The financial situation is crazy!
Wall Street, bank bailouts, Obama - not Bush, there’s a convicted felon running for senatorial reelection in Alaska, and then there’s Sarah Palin.
Ignoring all this, we’ve all got to have a place to call our own - a place to hang our hats and sleep at night.
With housing prices as crazy low as they are now, in most parts of the country, if you’ve got some money for a down payment and some decent credit, this could be a great time, possibly the best time in years, to buy a house.
What’s the old saying? BUY LOW - SELL HIGH! That’s what is always said. Well, now you can buy low. You can buy a house for a whole lot less than a year ago. Way less!
Or maybe you want to take some money out of your house to buy some stocks, many of which can and will fall into that “Buy Low - Sell High” framework. Many stock prices have tumbled and you really can buy low right now. So, it may be right to take some of your home equity and put it into the stock market. I’m not telling you to do so - it’s entirely your choice - but it may be the right time for you.
The home financing business has slowed significantly in the last few months. There are, therefore, some great deals in home financing out there. Combine that with some very low prices on homes and this becomes a great time to buy!
Whether you’re looking for new home financing, or looking for a mortgage refinance on your existing home, or looking to consolidate debt, this may be the right time.
