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  • Mortgage Rates Dropping Fast, Set to Save the World [View article]
    Good article Mr. Biggs. Being a Real Estate Broker for thirty years in New York, I look forward to the BOOM that is coming in 2009.
    If first time buyers do not wake up and take advantage of discounted home prices, lower rates than we have seen in decades, coupled with the
    necessary write offs a Home brings you, they will find it difficult to survive
    paying the high rents and new taxes coming our way!
    If they do not have the 20% or so down payment, and their parents are in their eighties, have a home, with no mortgage, then they are in luck.
    Their parents can take a Home equity loan, refinance their home, or take a reverse mortgage to help their children. Many parents want to help their children and many are giving their children their inheritance money ahead of time. Why not? Better than letting the Nursing Home take all the money! I already am planning seminars for the Adult centers in Queens beginning in 2009. In middle village alone, I will be speaking to thousands of senior citizens who own homes and have no mortgages. They can either help themselves and or their children too.
    If I can be of service please contact me.
    JIM TURANO

    Dec 18 08:52 am |Rating: 0 0
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