Category: Mortgage Debt
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Record High Mortgage Debt Sounds Scary. Here’s What the Headlines Leave Out.
Equity is near an all time high, home values have surged, and the vast majority of homeowners are in a position of real financial strength. The conditions that made 2008 a crisis simply don’t exist right now..
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Understand Your Options to Avoid Foreclosure
Even though experts agree there is no chance of a large scale foreclosure crisis, there are a number of homeowners who may be coming face-to-face with foreclosure as a possibility. And while the overall percentage of homeowners at risk is decreasing with time, that’s little comfort to those individuals who are facing challenges today. If…
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What If I Wait Until Next Year to Buy a Home?
Good News: Increases in home prices and historically low interest rates means you can be a home buyer now! I recently shared that national home prices have increased by 6.7% year-over-year. Over that same time period, interest rates have remained historically low. This has allowed many buyers to enter the market. This is good news! As…
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Is Family Mortgage Debt Out of Control?
Good News: Family Mortgage Debt is Not Out of Control! Some homeowners have recently done a “cash out” refinance. They have taken a portion of their increased equity from their house. Others have sold their homes. They have purchased more expensive homes with larger mortgages. At the same time, first-time buyers have become homeowners. They…