Market Wire - InsuranceSpecialists.com Educates Readers on Home Foreclosures
Thanks to its reputation for information-rich,
honest content, InsuranceSpecialists.com, based in San Jose, California,
offers reliable data on even the most difficult topics. As homeowners
struggle to understand what has happened to the mortgage business in
America, to decipher terms like “subprime lending,” and to figure out why
Freddie Mac and Fannie Mae matter, InsuranceSpecialists has stepped into
the void with fresh articles on understanding the basics of home mortgage
foreclosures.
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“It’s not a happy topic,” said Jon Davidson, InsuranceSpecialists.com CEO,
“but no one makes good decisions operating from a position of fear and
ignorance. People who are facing foreclosure need to know what to do and
those who are considering insurance quotes during a
home purchase need some help in deciding if this is the right time to buy
or not. Our writers have worked to boil these dense issues down to a
comprehensible level for all our readers. Not everyone is a realtor or a
financial whiz. Most folks just want a simple explanation and that’s what
we’re trying to give them.”
In the recently published article, ” Home Mortgage Foreclosures, Subprime Lending & Freddie Mac ,”
InsuranceSpecialists explains how the mortgage crisis began. The intent of
an adjustable rate mortgage was to help first time home buyers surmount the
initial expense of a new home by starting them at a low rate that would
increase with time. Unfortunately the housing boom caused lenders to grant
loans to people who were borderline risks at best. When the economy
faltered and jobs began to be lost, mortgage payment default skyrocketed.
“Right now all the experts are keeping their eyes on the rate of payment
delinquency,” said Davidson. “They define that value by how many loans are
30 or more days behind. Currently it’s sitting at 15.75% and most of the
prognosticators will say that’s an indicator of more troubles to come.”
With property values declining, both investors and private citizens alike
are seeing potential deals to be made, but experts agree that before any
property purchase, solid advice should be sought and factors like the down
payment and long-term income potential to meet the payments should be
carefully considered. “If you look at our name, InsuranceSpecialists,” said
Davidson, “you assume we’re all about homeowners
insurance and insurance quotes, but we can’t do that if the people we
work with can’t afford to buy property or lose the property they already
have. We want to help existing and future homeowners at every level of the
game.”
By focusing on current affairs as well as supplying educational articles
and regular industry news updates, InsuranceSpecialists.com
not only helps consumers find affordable insurance, but educates them in
the process. Site content is continually updated and the editors welcome
and invite your questions, comments, and ideas. Send email to:
editor@insurancespecialists.com .
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Contact Information
Jon Davidson
CEO and President
InsuranceSpecialists.com
Santana Towers
3031 Tisch Way, 7th Floor
San Jose, CA 95128
Ph. 408 516 4544
Email: Email Contact
