fbpx
Whitelaw and Sons Real Estate Morgan Hill
reaching your real estate goals
adjustable rate mortgage may lead to 2008 again

Adjustable Rate Mortgages – 2008 All Over again?

by | Jun 27, 2022 | Real Estate Realities Podcast/Vidcast | 0 comments

Robert Whitelaw, Realtor®

Robert Whitelaw, Realtor®

Published:Jun 27, 2022

Born and raised in Silicon Valley, Robert has helped clients successfully buy, sell and invest in real estate throughout Santa Clara County. Robert uses his local market knowledge to help clients across Silicon Valley!

Follow along as we explore where the adjustable rate mortgage might just lead us!

Adjustable Rate Mortgage.

Buying homes at their peak price, with an ARM while the fed is raising rates. Any thoughts on how badly this might end?

Home prices are dropping in many markets.

Depending on how much was put down, some owners could be upside down within the next year.

If buyers only put down 3.5%, they could find themselves very upside down on the mortgage. So even if they did decide to sell before their adjustable rate mortgage adjusts, they would have to do so at a loss.

What to do about it.

As usual, I like to finish off my shows with suggestions for buyers, sellers and investors. Check out todays show for my thoughts.

Check Out The Last Show!

California deficits and taxes

California 2024 Deficits, Taxes

As California faces huge deficits in 2024, Sacramento appears to focus on more taxes rather than more responsible spending. In fact, it looks like they are setting thing up to attack Prop 13!

Get Your FREE Home Value Estimate!

Just enter your address and get access to your instant home value estimate, but also amazing tools to evaluate refinance options, your equity, ways to levarage your homes equity, how to pay your home off faster… and so much more!

Schedule A Consultation With Robert!

 

Let's Talk About Achieving Your Real Estate Goals!

Subscribe To Our Newsletter

Subscribe To Our Newsletter

Join to get access to the best information on our local real estate markets, important real estate news, insights, information and tips on how to realize your real estate goals!

You have Successfully Subscribed!

Pin It on Pinterest

Feel Like Sharing?

Share this with your friends and followers on social media!