Michael Del Rosario

Is 0% financing for a house possible?

A bold idea? Do you think lender's and home builders won't do it?

Before you reject the idea, please read more here:

Will a Zero Percent Mortgage (0% Interest Rate) Make You Buy a House?

Remember how interest-only loans enticed people to buy houses that lead to the housing bubble?

Since a big chunk of mortgages today are guaranteed by the government and many too-big-too-fail banks are relying on taxpayer bailouts, why not offer principal-only loans instead?

Perhaps a 10-year principal-only mortgage will encourage more people to buy a house since they can build equity much faster. If we are giving tax credits, mortgage interest deductions and bank bailouts, why not explore this option?

Why should I keep my money in these banks when I earn nothing? I might as well buy a house and also enjoy what these banks enjoy, zero percent interest. Zero percent is available when buying cars. Why not have it when buying a home?

If you can own at zero interest, why rent?

If banks won't do it, Fannie and Freddie should probably consider being a direct lender and remove these TBTF middlemen. I heard this approach is now being applied on student loans, right?

Peter Schiff talks about the US economy and housing.

You can also watch the video here:
http://www.longbeachrealestateradar.com/long-beach-real-estate/2010/03/peter-schiff-will-you-guarantee-your-neighbors-mortgage-why-are-we-forcing-renters-to-cosign-the-loa.html

Do you agree or disagree with Peter?

Do you own a house in Long Beach, California?

Are you wondering whether you should sell or rent your house?

Click here to use a simple Rent vs. Sell Calculator

With so many people losing their homes these days through foreclosure, many are asking if they can easily move to a rental property.

If you're one of these renters or soon to be renters with a foreclosure or other credit problems, you may like to visit my blog post at www.longbeachrealestateradar.com

There is life after foreclosure.