Refinance home loan and the things to learn
But Fort Myers is just one of many cities feeling battered by the ailing housing market and the credit crisis. The rate of foreclosures on mortgage loans are the highest this country has ever seen. Many people were lured into purchasing more than they could afford during the real estate boom, as almost anyone who wanted credit could get it. Plenty of people, however, obtained reasonable mortgage loans they could afford and are now suffering from a drop in values and the unsteady economic times. The new President has pledged to lend a big hand to the beleaguered real estate market through the stimulus plan.