clemmie mayer asked:


I have a 5 year interest only mortgage and just closed on my condo 4 months ago. It appears rates are lower. How do I go about refinancing and what are the advantages? If it’s lower should I autmoatically do it?

Mexican Real Estate

shakira murray asked:


The recession was caused by people being unable to pay back their home mortgages because the mortgage rates were too high?

Banks were not getting their money back from home owners, causing a credit crunch, thus they were unable to lend money to big businesses.

Big businesses then had to cut back on expenses and began to lay people off the the thousands.

So what caused the mortgage rates to go up so high that started this financial mess in the first place?

Sacramento Homes

Fluffy ? asked:


Hi, I am getting married soon and have been discussing the future with my fiance. We both have very good, high-earning careers but will want to have kids too. We plan to take out a big loan to buy the house of our dreams…this is ok providing we both work and pay off the house loan (mortgage). However, although I want my dream home, I have always dreamt of being a stay-at-home mum too. We definitely want a child. Although my job would give me maternity for a year…I know deep inside I want to stay with my child until he/she is old enough to go to kindergarden..i.e. 3 years old and 3 years at home. The problem is this: If we decide to do this, we would not be able to go for our dream home and this would be very very disappointing. I know it may sound greedy, but I want my nice home and to spend the first 3 years of life with the child too – I think it is important for the baby. We don’t plan to have kids right away but we need to think about this when buying our house soon. Help please!

Flathead Lake Real Estate