Mortgage Lowdown

–By Sagar Satapathy

Hi Everyone! We are here with the Carnival of Home Improvement. I am sure that you will find the featured posts useful and interesting. Although only 7 posts are featured on this edition, they are the real gems. Without further ado, here are the posts in the order they were received.

Barry Mahfood presents Should You Add Storm Protection? posted at Central Florida Real Estate News. The Orlando Sentinel today has a good article about the affordability of upgrading your home’s storm protection.

ISPF presents Should You Get a 40 (or 50) Year Mortgage? posted at Grad Money Matters. Very long-term mortgages (40 or 50 years) are offered in some of the west coast cities and are touted as options for bringing home ownership within the reach of the common man. What is the true cost of taking out such a long term mortgage? What are the alternatives?

Kristen presents Environmental Shift posted at Shakhammer. When it comes to environmentally friendly commercial buildings, St. Louis is one of the 10 greenest in the country.

ISPF presents Steps to Avoid Foreclosure: What to Do When You Can’t Keep Up With Mortgage Payments posted at Grad Money Matters. If you are one of the unfortunate people snagged into a sub-prime loan or know of someone who is, and finding it hard to keep up with the mortgage payments, it is important to remember that a foreclosure can be avoided.

Darius presents How much worse can housing get? posted at Related to Mortgage. The slow drift downward in long-term rates stopped this week, the 10-year T-note at 4.69 percent, mortgages settling just above 6.25 percent.

Tracy Coenen presents Home buyers suing to get out of contracts posted at FRAUDfiles. Cancellation rates on these home buying contracts may be as high as 30%. The story highlights a few situations in Florida, where attorneys are even advertising their services to people who want to get out of their contracts.

Kristen presents Build your own solar panels posted at Shakhammer. Solar panels are great, if you have the space then you can have as many as wish and place them anywhere as long as they get the sun most of the time, the draw back to using solar panels is the cost, they are very expensive, so much so that the savings may not pay for the installation for years to come, that is the downside of using solar power.

That concludes the 4th edition of the Carnival of Home Improvement. Keep submitting your posts to your favorite carnival. We expect a sharp increase in the number of submissions over the next few weeks.

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This entry was posted on Monday, May 7th, 2007 at 1:37 am and is filed under Carnival. You can follow any responses to this entry through the RSS 2.0 feed. You can skip to the end and leave a response. Pinging is currently not allowed.