Monthly Archives: January 2010
Even the Wealthy are Having Mortgage Trouble…
Believe it or not, the most wealthy borrowers are having many of the same mortgage issues that plague the industry. According to Les Christie of CNNMoney.com, 12% of U.S. mortgages of $1 million or more were late in the fall, which is twice the rate for loans under $250,000 and almost triple the default rate... Read More
Does Remodeling Pay Off?
In 2009, homeowners recouped an average of 63.8% of the investment in 33 different home improvement projects according to REALTOR Magazine. The cost recoup was down from previous years, but in line with the national decline of home prices. The majority of the remodeling projects with the best return on investment are a testament to... Read More