Mortgage Blog

Talked to one client today, she asked me to get
a cash-out loan for purchase of rental properties.
Actually the RE market is not that hot in most
of the areas. I have a few loans with lower
values(than we expected, or the purchase price).

According to Robert Shiller for Shiller Home Price
Indices, the home price will be up single digits
in most areas of USA. Some areas may go down.
So you can take time to get the property you like.

Bill Gross of PIMCO sent Feb newsletter to his clients,
and the key word is careful. There is lots of uncertainty
in the current market. It is better to be 'safe" on the
investment.