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Originally Posted by j8ear
I should have said the only negative thing I've been able to find out about them concerns this HUD fee anomoly from several years ago, which, was actually an audit report from HUD stating that they fixed the problem.
Actually the fact that this is the only thing I could divine about them from a cautionary stand point I find to be rather encouraging.
As far as freedom and mortage going together...think of a 'mortgage' as 'freedom' from rent, and a contribution to concrete ownership, otherwise out of reach for most of us.
Thanks for your insight, though.
-bear
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Well, that's encouraging, that you couldn't find much negative about them. In the end, we all have to trust our gut instincts, I suppose.
It's interesting about the 'freedom' thing. I was talking to someone the other day who had bought, but wishes he had rented. In some areas, like ours, it actually works out to your advantage at the moment. But I do understand the feeling that makes buying more attractive. rent is 'dead' money, whereas a mortgage is investment in yourself for the future - as long as you keep your job and the equity increases in value. Sometimes, it's not so much the lender you have to have faith in, as the property itself.
Good luck!