Today we choose our mortgages from 150 different products vs. a handful a decade ago. Today you can buy a house with $500 down -- for better or for worse.
I'm not a fan of trying to legislate personal action. That's how we get into quagmires like HB4050. The fact is each of us is obligated to understand the exact terms of our mortgage.
That's why here at the Sun-Times Real Estate section, we'll try to stay out of the fray, and instead do what we do best: provide information and tools that are useful to you as a homebuyer, homeseller and homeowner.
Among those tools is this: The Right Place, our blog that will bring you information as quickly as it comes to us, and in an unfiltered form. If you go there today, you'll be able to read statements from the mortgage brokers, homebuilders and Realtors, and reach your own conclusion or not -- about the usefulness of the law. We're watching how this one rolls out.
Real estate is an industry that is evolving quickly on the internet. With our blog and other features we'll soon preview, we plan to keep up with it, and in turn, help you keep up on the relevant news and tools of the day.
That's what a newspaper is for.
Continue reading "The quagmire that is 4050" »
