Explanation of Mortgages and Subprime Crisis (Cartoon)
mortgage refinance mess cartoon below!
In light of all the bad stuff going around in the mortgage and refinance markets, I wanted to make a little comedy out of the whole entire situtation. Come on…without a little fun the world would be a mess. Sometimes, mortgage refinance markets can be so bad that you jsut have to kick back and enjoy yourself a little bit. This mess, like any other financial or wolrd mess, will eventually fix itself.
We did avoid the Great Depression all over again, by a very narrow margin. Mortgage rates are climbing and refinance loans are getting even tougher to do because of the declining house values in the United States. Yes, values are STILL going down. NJ Mortgage rates, the state where I personally am a mortgage loan officer, are going up just like the rest of the country. NJ is one of those states that got hit really hard, because we had such high housing appreciation for so long.
Anyway, I wanted to post a cute little video about the mortgage refinance mess, so that you could get a lugh (or ten). I do not advise you watching this video if you are easily offended by profanity. However, its humor does attempt to make light of the current mortgage mess that we are in right now. Yes, the refinance and purchase markets will turn around, but it is definitely going to take some more time, sorry to say.
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