Subprime Mortgage Market

Even though we may see a bit of a change in the Mortgage lending market this is no cause for alarm.

Buyers in this current market have been saying to me, "I don't want to buy now and then face foreclosure in a few years" Well do you pay $600 in rent or more per month? In a few years will you be facing eviction instead of foreclosure? You could be using your mortgage payment as a tax deduction but with rent you cannot.

You can also look in to products like 40yr mortgages which will help ease the burden with lower payments or Interest only loans that do not carry a balloon payment after 10 years.

Contact AnaLisa Cordoba with Pennington Mortgage for answers to these questions and find a loan program that works best for you (505) 883-5153

Another great deal from FastFloors:

Rubber Flooring: A safer choice for children's playgrounds.  Sold exclusively at FastFloors.com

New Mexico & Albuquerque Real Estate update

Looks like home sales in the SW section of the city are hot right now, Anderson Hills and other new projects seem to be changing the perception of this area of the city. With Tessla Motors, Temperpedic Mattress & Eclipse Aviation in the next few years all located off Paseo Del Volcan this area should continue to see a dramatic rise in home prices.

Currently it looks like a bit of a Slowdown in Rio Rancho with homes between $250K-$350K of the 221 homes for sale only 15 went under contract in February of 2007.

Continueing to bring deals for all aspects of the home sale and make www.BuyaHouseNM.com a more rounded and goto website I am continueing to negotiate deals for clients check out this latest one from Hudson Reed Home Faucets & Fixtures:

Hudson Reed Summer Sale Now On.