Many are finding that the availability of equity mortgages is shrinking, thanks in part to the housing crisis. The number one problem facing equity mortgages is that housing values are dropping quickly. This means that the equity in a home is dropping as well. Although getting an equity mortgage should be pretty easy, in this […]
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Housing Minister Flint Blunders in Cabinet Address Says Home Prices May Drop Another 10%
Posted on May 24th, 2008 by justin
While addressing the Cabinet this past week, Housing Minister Caroline Flint fell prey to the faux pas as she inadvertently let it be known that the housing market may be in for yet another downward slide in the price of homes — to the tune of 10%. This constitutes another serious blow to the home […]
Gaffe By Housing Minister Reveals Trouble in Home Equity Mortgage Market
Posted on May 15th, 2008 by justin
Caroline Flint, the Housing Minister, made a tremendous gaffe yesterday while addressing the Cabinet. She inadvertently revealed her notes on the housing crunch which seemed to indicate that housing prices are going to fall another 10%. This is bad news for the home equity mortgage market since many homeowners already owe more than their homes. […]
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