In the recent housing boom, construction was going crazy. Following Katrina, building materials were in short suppply....builders turned to materials which were available, and affordable. One of these materials was wallboard which was made in China. As time has past, it appears this material poses a major health hazard for homeowners. Being in a warm, humid climate, impacts of this material are magnified in Florida. This certainly something homeowners need to be aware of.....here is an article which explores this issue in some detail..
http://news.yahoo.com/s/ap/20090411/ap_on_bi_ge/chinese_drywall
Sunday, April 26, 2009
Wednesday, April 22, 2009
With Mortgages at Historic Lows, Now is a great time to Refinance
With mortgage rates at historic lows, homeowners eager to lower their payments are rushing to refinance in numbers reminiscent of this decade's real-estate boom.
The Mortgage Bankers Association said Wednesday that mortgage-refinance applications rose to almost triple their level a year ago. The average contract interest rate for 30-year, fixed-rate mortgages stood at 4.73%, down from more than 6% a year earlier. About 80% of all mortgage applications are for refinancing.
Prior to refinancing your current mortgage, be sure to consider additional factors as well, such as how long you intend to be in your current home. If you are thinking of a move within five years, you may not save enough in payments to pay for the closing costs. If, on the other hand you are going to be in your existing home for a longer term, refinancing may be just the right thing to do!!!
The Mortgage Bankers Association said Wednesday that mortgage-refinance applications rose to almost triple their level a year ago. The average contract interest rate for 30-year, fixed-rate mortgages stood at 4.73%, down from more than 6% a year earlier. About 80% of all mortgage applications are for refinancing.
Prior to refinancing your current mortgage, be sure to consider additional factors as well, such as how long you intend to be in your current home. If you are thinking of a move within five years, you may not save enough in payments to pay for the closing costs. If, on the other hand you are going to be in your existing home for a longer term, refinancing may be just the right thing to do!!!
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