YouTube video from a mortgage broker over in the Portland area. He talks about the current state of the home loan market and how the market will evolve over the next 6 to 9 months.
Refinance Plan For Upside-Down Borrowers…
Most real estate professionals have signaled the lack of help being given to homeowners that are upside down with their home loan and still up to date with their house payments as a area that needs to be addressed to help turn the housing market around. It doesn't sound like we are there quiet yet, but we may be working that way. Also, if you are in the right situation, you may be able to refi now with some of the programs that are currently available. Watch the video for more information...