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Being a homeowner can be an expensive investment which is why it is so important to get cheap closing costs when buying a home. With the current prices of homes in Michigan at the lowest points in years, many people are taking advantage of the economic downturn and becoming home owners. The price of the… Read more »
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Month: July 2012
Home Prices Less than a Car
With home prices rapidly tumbling and the vacancy rates soaring in many towns, median-priced homes are equivalent to the cost of new American cars, only slightly more risky. This is definitely a bit troubling when the American dream is all about homeownership for many Americans. So, which do you choose if you can only afford… Read more »
FHA loan delinquencies on the Rise
In terms of the mortgage industry, things are starting to finally look up a bit, unless you are referring to the loans backed by the Federal Housing Administration (FHA loans). Delinquencies are up nearly 27% on FHA loans while conventional mortgages delinquencies have been steadily dropping. More and more of loans insured by FHA are… Read more »
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