The Informed Homeowner September 2009

Welcome to September 2009. Much is happening. Government incentives are begining to trickle down to the general consumer, banks are now "working" with their mortgagees, car dealer incentivies are expiring today, but there is still the federal incentive for first time buyers and new home buyers. If you qualify for a loan and have found that perfect home, you should take advantage of this program. Your lender should be able to direct you to the proper contact for the "rebate".

The stock market seems to be doing what it has always done: up and down, but now the news is reporting it more accurately. The last time there was a big up rally, everyone cheered, but then there was the sell off of that rally a while later. If was finally reported that it was just a sell off to gain profits from the prior gains.n Nothing to be afraid of.

News for the real estate division is generally the same. If you are in a position to buy you have an oppertunity to buy low and at great interest rates. If you own a home and owe more that it is worth, you still have an advantage that has never existed before: the chance to renegotiate, restructure, or recind the loan. It is an exciting world out there, be positive, and look for every chance to get back on your feet.

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Last Updated (Monday, 24 August 2009 10:25)

 
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