tag:blogger.com,1999:blog-33399132.post2846140460381308009..comments2024-03-04T08:09:21.453-08:00Comments on Richard's Real Estate and Urban Economics Blog: The long-term impact of the mortgage crisis--and why it keeps me awakeRichard Greenhttp://www.blogger.com/profile/02161226214739034402noreply@blogger.comBlogger13125tag:blogger.com,1999:blog-33399132.post-54159902693810651032012-08-02T11:22:26.664-07:002012-08-02T11:22:26.664-07:00Great post! This is quite a daunting topic. It app...Great post! This is quite a daunting topic. It appears that the foreclosure crisis is becoming worse each month. The media neglects to cover stories like Austins. Its a shame that people have to relocate because they cannot pay their mortgage. It is a buyers market, as houses are loosing value. Some homeowners aren't able to sell their houses for what they need. I did some research and found a good amount of mortgage companies that assist with these types of issues. <a href="http://www.outofahmsibusiness.com/" rel="nofollow">american home mortgage servicing inc out business</a> breaks their services down for a more comprehensive experience. I hope we can put this crisis in the past. My heart goes out to the individuals facing these types of situations.Anonymoushttps://www.blogger.com/profile/11224526842143130445noreply@blogger.comtag:blogger.com,1999:blog-33399132.post-73398559139894995232012-04-26T23:46:34.894-07:002012-04-26T23:46:34.894-07:00A long term mortgage can be very useful under some...A long term mortgage can be very useful under some conditions. For example, if you are preparing on purchasing property with the purpose to remodel it and then re-sell it, this interest rate would actually allow you to reduce your own costs and per month bills while you are restoring it up.<br /><br /><a href="http://www.kwikcash.co.uk" rel="nofollow">Quick Cash</a>sheena27https://www.blogger.com/profile/15701727448066895692noreply@blogger.comtag:blogger.com,1999:blog-33399132.post-48172264382650915632010-10-27T09:19:20.048-07:002010-10-27T09:19:20.048-07:00Hat’s off. Well done, as we know that “hard work a...Hat’s off. Well done, as we know that “hard work always pays off”, after a long struggle with sincere effort it’s done.<br />================<br />vernon getzler<br /><a href="http://www.1st4mortgage.com" rel="nofollow">Best Mortgages</a>vernongetzlerhttps://www.blogger.com/profile/02453070271348835772noreply@blogger.comtag:blogger.com,1999:blog-33399132.post-85514931222805521932010-10-18T00:53:04.038-07:002010-10-18T00:53:04.038-07:00The HECL is a very convenient loan for a home owne...The HECL is a very convenient loan for a home owner because it is not mandatory that you use the funds right away. And when you do decide to use the money, you only use the amount you need.<br />==========<br /><a href="http://www.lifestylemortgagesuk.com" rel="nofollow">Fixed Rate Mortgage</a>sophiehttps://www.blogger.com/profile/01742231408750667035noreply@blogger.comtag:blogger.com,1999:blog-33399132.post-55920159143738999132010-08-21T17:08:22.279-07:002010-08-21T17:08:22.279-07:00Remortgaging<a href="http://www.extramortgages.com/remortgaging" rel="nofollow">Remortgaging</a>michael09https://www.blogger.com/profile/08967369833312164539noreply@blogger.comtag:blogger.com,1999:blog-33399132.post-60512279383932115062010-07-15T05:21:00.245-07:002010-07-15T05:21:00.245-07:00If you are adding back the closing cost of 3 to 5%...If you are adding back the closing cost of 3 to 5%, you are defeating your purpose. If you are not decreasing your interest rate by at least 2% points it is probably not the best thing to do. What you see if greed and yes the Banks and mortgage companies want you to refi because it is a profit for them but does it profit you. If your term shifts back to 30 year amortization but what you gained. If you lower your term and can stand the payment..it is to your benefit as you will be paying more to principal.<br />http://www.infomortgages.com<br />Compare Mortgagesmartbrainshttps://www.blogger.com/profile/01035507868444880809noreply@blogger.comtag:blogger.com,1999:blog-33399132.post-14011392670131866742010-07-13T21:27:32.892-07:002010-07-13T21:27:32.892-07:00I like this particular article it gives me an addi...I like this particular article it gives me an additional input on the information around the world. thanks a lot and keep giving with posting <br /><br />such information.<br />=====================================<br /><a href="http://www.best4mortgage.com/category/mortgages" rel="nofollow">Mortgages</a>shawnmichlehttps://www.blogger.com/profile/07949150504675551722noreply@blogger.comtag:blogger.com,1999:blog-33399132.post-43765318041307729132010-06-10T23:17:42.527-07:002010-06-10T23:17:42.527-07:00Best Mortgage Rates - Lender411.com is where you c...<a href="http://www.lender411.com/mortgage-rates/" rel="nofollow">Best Mortgage Rates</a> - Lender411.com is where you can shop for the <a href="http://www.lender411.com/mortgage-rates/" rel="nofollow"> lowest mortgage rates</a>. Whether you are looking for fixed mortgage rates, variable adjustable mortgage rates (ARM), jumbo loans, interest only or even specialized mortgages such as bad credit mortgage or reverse mortgages, we will match you with up to 4 qualified lenders with 4 mortgage quotes.Unknownhttps://www.blogger.com/profile/05603205440393356156noreply@blogger.comtag:blogger.com,1999:blog-33399132.post-67005370491116107042010-03-31T10:30:52.819-07:002010-03-31T10:30:52.819-07:00I am going to try and get this comment correct thi...I am going to try and get this comment correct this time.<br /><br />Your articles is great and you are telling it like it is. After working for 30+ years in Mortgage Lending I have seen the good, the bad, and the ugly. Yes, the older folks had it right and this younger generation lives pretty much in the present, without regard for tomorrow and a rainy day and when they get older they will realize that refinancing every time you turn around is not a great idea. If you are adding back the closing cost of 3 to 5%, you are defeating your purpose. If you are not decreasing your interest rate by at least 2% points it is probably not the best thing to do. What you see if greed and yes the Banks and mortgage companies want you to refi because it is a profit for them but does it profit you. If your term shifts back to 30 year amortization but what you gained. If you lower your term and can stand the payment..it is to your benefit as you will be paying more to principal.<br /><br />The younger generation should start planning for retirement before they get 40 because with the economy as it is, who knows what the future holds. It will be too late for them to start trying to pay off a 30 year mortgage when the are 50, unless they have a 15 year mortgage. Retirement, unless they have planned well, might not be sufficient to live well. You find in the country, people are more conseverative as they know when they retire, funds will be short and of course they buy a house and most of the time stay in that house for a life time.<br /><br />In the city young people tend to follow the crowd and want to live in the best areas, best schools and they tend to get homes they cannot afford..<br /><br />I just wrote an articles @ hubpages<br />http://hubpages.com/hub/Mortgage-Refinance-Is-it-Beneficial-to-You and I also have a mortgage blog....<br />http://mortgageloanfacts-u-need.blogspot.com/2010/03/mortgage-rules-change.html<br /><br />The lower term is the best choice and an 80% loan to value...but remember that the average American cannot afford 20% downpayment and therefore they will have MI insurance. <br /><br />I enjoyed your articles.Lindahttps://www.blogger.com/profile/16237732341206768467noreply@blogger.comtag:blogger.com,1999:blog-33399132.post-63772124790054752182010-03-31T10:11:49.753-07:002010-03-31T10:11:49.753-07:00This comment has been removed by the author.Lindahttps://www.blogger.com/profile/16237732341206768467noreply@blogger.comtag:blogger.com,1999:blog-33399132.post-29897716131780379892010-03-31T10:08:46.321-07:002010-03-31T10:08:46.321-07:00This comment has been removed by the author.Lindahttps://www.blogger.com/profile/16237732341206768467noreply@blogger.comtag:blogger.com,1999:blog-33399132.post-18597055937017741002010-03-31T10:06:31.246-07:002010-03-31T10:06:31.246-07:00This comment has been removed by the author.Lindahttps://www.blogger.com/profile/16237732341206768467noreply@blogger.comtag:blogger.com,1999:blog-33399132.post-82137806475766136722010-03-28T12:51:00.397-07:002010-03-28T12:51:00.397-07:00http://www.nytimes.com/2010/03/28/us/politics/28te...http://www.nytimes.com/2010/03/28/us/politics/28teaparty.html?hpw<br /><br />A teaparty activist interviewed by the NY Times says she bought her house in Philly 19 years ago, it has fallen in value $40,000, and she can't sell it for her mortgage balance. Since amortization is about 40% in a 19 year period (interest rate around 7% and 30 year amort) either that was a less than $100,000 house now selling for less than $60,000 (awfully hard to believe in Philly) or, as I suspect, equity take out is playing a major role in her problem. But I guess the equity takeout was really caused by big government, not by her. Why doesn't the press ever ask such elementary questions, like "how did your mortgage get so big relative to your house value?"Unknownhttps://www.blogger.com/profile/11140628761655919567noreply@blogger.com