Comments on: Record Low Mortgage Rates

By: jim whitehead

jim whitehead — Sun, 29 Mar 2009 21:50:46 +0000

Is this not how we got in this mess to start with? people buying houses bigger than they need because they could afford the house now because of low rates then losing their job or have their rates go up. the sellers and the bankers don’t care if the people lose the homes they could not afford anyway just sell and make loans

By: sharoulCheryl

sharoulCheryl — Sun, 29 Mar 2009 19:15:01 +0000

Make sure your loan is locked in at a payment that is what you pay in rent now and that the house is big enough to have a roomate or family members live in & share in a pinch to help with the payment.Put a bigger amount down. Would you rather have your whole nestegg sitting in a bank? you know those banks that are going belly up..you’ll never have prices as low as they are now all over the country

By: Strange Stories

Strange Stories — Sun, 29 Mar 2009 18:30:31 +0000

Hey Won,
If you can’t afford to buy a home then forget about buying. First secure your career.

By: WonDog

WonDog — Sun, 29 Mar 2009 05:57:52 +0000

So I’m to take my savings and buy a home, while i’m wondering if i’ll have a job next week to pay for the home : or have a job for the next 30 years to pay it off, cuz, nobody may buy the home if i want to sell it. Then lose the house, and my credit rating, and my down payment, and my nestegg trying to bail myself out if this all goes south.?