Too Much Credit
How many people out there are thinking that they’d like to buy a home? I don’t know what the number is but I’m sure it’s up there. The thing is with all the mess that’s been going on with mortgages in the last (what is it? Several months?)… it’s not looking good. While I’d like the idea of getting in on a (seemingly) cheap financing deal, there’s been entirely too much in the news about people losing everything because there wasn’t any kind of mortgage payment protection built into their deals. Much as I wish it weren’t true, lenders have been way too easy with bad credit mortgage deals than they should have been, which is why people get surprised when interest rates go up and all of a sudden they can’t make their payments.
Filed under: Opinion
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