While surfing the net, Renae Stucki Realtor found this little gem on the Marketplace.org page. It not only gives you a short history about the 30 year mortgage and how it may become a thing of the past.
The article speculates that if the government gets rid of Freddie Mac and Fannie Mae, banks won’t offer products like the 30 year mortgage and other things that allow lower income buyers from breaking into the housing market. You can read the article HERE.
Although if this actually happens, it’s most likely not going to happen in the immediate future. There’s still some time to get into the market although that time is fading quickly. Anyone considering home ownership should begin the process as soon as possible.
Call Renae today and let’s get you started before all opportunity fades away.
