Mortgage Refinancing - Americans are Reaching Critical Mass.

Over the last 10 years the American housing market has been booming, property values rising across the board and construction was up to near all time highs. This led to empowerment of the American homeowner and first time buyers. With more possibilities due to the resulting rise in equity, countless homeowners began the process of improvement of their homes and setting their sites on bigger and better.

At the end of the last decade the first time home buyer, new to the real estate market and unaware of the trends in real estate, began to tap into their new found equity and over the next several years their spending habits began to look less and less responsible. Thinking the “lucky streak” of rising equity would never end and fueled by the hype in the med View the rest of this article