Home Loans

Help Available for Homeowners

by Brett Guido

Turning on the television today or reading the latest economic news can seem a bit like driving past a bad car wreck. No matter how hard you try to not look at it, you catch yourself turning your head to see just for as second how bad it really is. While most of the time things turn out just fine, sometimes they are very serious. 

Our economy has seen its share of crashes this year. Our stock market has dropped, job losses are at record levels, and the housing market continues to struggle, even after infusing over $700 billion dollars in rescue funds passed by Congress to help save the financial markets. While the bill is considered controversial by many, its intent is to provide liquidity to the banking and lending markets, and ensure they will be able to provide the necessary federally-insured funds for mortgage financing and other financial investments. Without these funds, our economy would most certainly collapse.  Read more »