Foreclosure Crisis, (2/3)

[Boomer1949]

My advice to anyone considering buying a home for the first time is education!! Learn all you can about different types of montages. Learn about what lenders look for in income verses debt ratios. Learn about the different types of lenders and HUD, FHA, and other programs available. Talk to anyone who has recently purchased a home in the last 2 or 3 years. And most importantly, take your time. It's your money, your home, your future.

[homeretentionusa]

Saving Homes Across the USA!

[09ernie1957]

This is a very important message!!!

[utoobsta]

Goes to show not to get rushed by anybody! A bad sign! Throw them out when making a big decision. Don't put up with confusion! This video is a good lesson on that fact. I don't even like to chit chat, while making a small purchase at the supermarket register---too much distraction, which possibly can led to mistakes, etc.

[00643981]

The "Fed" is an unconstitutional, illegal monopoly on the creation of money. Our constitution specifically states that only Congress can create money, only in gold coin. What has happened since the Fed has been running things is that wealth has been cleverly stolen from the working man and woman and funneled into the pockets of rich bankers. They run the show, not politicians! Google Video: Money as Debt - Fiat Empire - Monopoly Men - The Money Masters - Freedom to Fascism - Zeitgeist.

[RayAir1]

I was sold into an option ARM 3 years ago. It said 3.5% for 3 years. My rate adjusted as high as 8.85% . I just refinanced into a 30 year fixed FHA. My wife's cousins wife sold us into this shit to! At the time we did it cause the monthly payments were cheaper* and I just experienced a 30% drop in income (since recovered).The cheaper payments meant negative amortization! I heard mortgage agents got real high commissions to sell these loans. Good luck.