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Close Topic OptionsTruth About US Foreclosures
Truth Foreclosures - Politics, Business, Civil, History - Posted: 19th Jun, 2013 - 12:55am
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Truth About US Foreclosures
Truth About US Foreclosures
Is it true that most North Americans are not frugal enough to actually take out a mortgage that they can pay?
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I grew up in a family home already bought by my parents so I don't know what its like to move out or have your home foreclosed, so maybe I'm not the best judge but I want to add 2 cents. If you are going to buy a home then you need to have a few months mortgage payments available in advance for times when something happens. If you have like 6 months of payments covered then if you get in an accident or lose your job you know you don't have to immediately face the mortgage company.
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This is the reality of a lot of Americans and I don't see any big change in the way mortgage companies do business after the last housing bubble popped some years ago.
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TOPIC: Truth About US Foreclosures