Tuesday, March 11, 2008

We're Rollin Out

You'd be hard pressed to get through a news broadcast without hearing about the mortgage crisis in America.

Well, I find the whole thing really interesting, and in addition to my real estate studies, I've been following it a lot.

With all the foreclosures, it's definitely a buyers market. Yet, despite the number of houses banks must now try to get rid of, they are still giving mortgages. Why?

Because their criteria for giving loans haven't changed. If you meet the credit requirements, you can get a financing from a bank or mortgage lenders.

So those are the people we're targeting as purchasers of our home. We've done our homework, and our house will be on the market by the end of the week, and we'll be closer to our cross country RV journey. HOORAY!

We have a 3 floor house, finished basement, bay window and skylight. But it's so much to clean for two people. We want to downsize to a 2 bedroom, ranch -style apartment. We'd save more money, contribute to our simplicity and allow us to invest our money elsewhere.

So, we're excited.

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