BrandonSternfield's Blog: Investments

Well, I’m sure that title got your attention. And it’s not like it’s too far from the truth : people that shouldn’t have got loans did. Underhanded methods were used, and now we all pay for it.

Luckily, the only way the investment market was hit, is now the loans are just a bit harder to get. There is even MORE incentives offered then before. But….

Our booming real estate economy finally popped. We all knew it was coming. The sellers market is gone. Now we are faced with millions of foreclosures nationally, some pending, some not even started yet. All of them looming over the peoples head’s though. People feel betrayed, by simple interest only adjustable mortgages. The intention was to get a 2 year interest only adjustable, and then refiance the…