New Blogger Here

Hi,
I'm Huck Ferrill. I've been a mortgage professional for about 31 years. Purva asked me to post occasionally. What would everyone like to read about relative to my field?
As everyone has probably read, we're going through somewhat of a credit crunch and too many homes on the market (many bank owned) at the same time. It's happened before.

To those who would like to own their own home someday, now is not a bad time to be looking-all the homes on the market have caused prices to drop. That phenomenon won't go on forever.

Also, despite the news to the contrary, there is excellent financing to be had, particularly if the loan involved is less than $417,000. For those with decent credit and steady income, it may be possible to buy with no down payment necessary and closing costs paid by the seller.

To those who prefer to rent, I can only say that homeownership is not for everyone. Many simply don't want to deal with the responsibility for maintenance, for example, or the fact that homeownership is a relatively long term committment. Others may be subject to frequent transfer, or whatever. If so, renting is probably a good thing, but a renter always loses the opportunity to build equity in that which one rents.