Who you, a Guru? After you read these 262 Mortgages tips, you'll be one. But we're looking to recruit a Guru to blog, write a 101 tip Mortgages book, and become a leader of this community.
Hot topics for both consumers and webmarketers on WebmasterRadio.FM
Every Wednesday, 4PM Eastern.
November 21, 2008, Newsletter Issue #143: Borrowers May Rely Too Heavily on Home Prices Rising
1
Tip of the Week
A lot of borrowers count on their house increasing in value. Who wouldn't? Real estate and homebuying have been great investments for Americans for generations.
Borrowers often count on paying off a second mortgage when they sell their home. So they don't worry about the huge lump sum they borrow to finance big-ticket purchases and vacations.
But what if real estate values fall? What if your house value does not rise as expected? Then you will owe more on the house than it is worth. You still have to settle your debts but out of your own pocket.
You can face serious financial problems, or you may have to stay in a house you do not want or no longer need. Use your home equity loan for home improvements that will increase your home's value. Don't spend borrowed money on purchases you can live without.
2
About LifeTips
Now one of the top on-line publishers in the world, LifeTips offers
tips to millions of monthly visitors. Our mission mission is to make
your life smarter, better, faster and wiser. Expert writers earn dough
for what they know. And exclusive sponsors in each niche topic help us
make-it-all happen.
LifeTips is part of ideaLaunch, the hub for a group of websites offering
solutions that help clients improve mind share, market share and profit online.
