Lenders still allowing this will have either higher rates or higher costs or possibly both.

Even if they decide to adjust assement values lower due to lowering price all they will have to do is bump that take rate a bit higher and still collect the same amount.I can't see the government take a big hit in the tax department.

If he cant keep up the payments he's gonna lose the property eventually anyway, and at a higher cost to the taxpayers at the end of the day.

So the question you have to ask your self, who pays a higher rate, you/your husband or his company.

It's just not going to be as steep.Unfortunately the effects will now be longer lasting because we just added a burned to tax payers that will only compound the pain and accelerate a weakening dollar and higher inflation.Next Monday could be the bombshell.

Buyers can be very picky and choose the best of the best deals so we are going to have work harder to find the deals that create the higher return for the buyers.

They can get a higher price than selling in this market.

You will pay a higher interest rate and pay more in points.

You should be able to find a HML who will go 60% of ARV (after repaired value), maybe a little higher.

I heard Maria Bartaromo state on the Today Show that "as soon as credit starts flowing again, people can get higher limits on their credit cards and get home equity loans to start spending again."