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September 08, 2006
Should I Cash In on My Home Equity and Refinance My Current Mortgage Before the Bubble
Basically, Homeowners in California use interest only loans to purchase more home than they can actually afford and the game gets dangerous, when FMV (fair market value) starts to drop. "Abundant foreclosures could spark a downturn in the entire housing market, leading to the long-feared bursting of what some call a housing bubble," shows Streitfeld's Los Angeles Times
From Should I Cash In on My Home Equity and Refinance My Current Mortgage Before the Bubble
Posted by Doug at September 8, 2006 01:13 PM
