Mortgage Meltdown update

The mortgage meltdown seems to be spiralling out of control everywhere. It has spilled over into many different markets. For example, it has made the stock market crash, the interest rates go back up, and it has made the criteria for purchasing a home become a lot stiffer. This crisis has also made it much harder for people that work in this field. For instance, some of these people that have suffered a major set back are the real estate brokers, Realtors, mortgage brokers and the investors that purchase homes to be quickly re-sold.

I believe that there are some ways that we could help to get out of this sticky situation. This would include home owners trying to keep up with their mortgage payments by any means necessary. Some suggestions for this would include, getting a second job whether at home or out side of the home, making double payments on your mortgage and working towards paying off smaller debts, refinancing your current mortgage, finding a grant for historic homes and also trying to find a tax credit for historic homes.

As long as the mortgage companies get paid some how they cannot foreclose the home. Many mortgage companies need to try to work with homeowners instead of telling them if you don't send in a payment by your next due date you have to send in two payments next month by the due date, and if you don't send in the two payments by they due date you have to send in three the following month by the due date. We all want similar things, which mainly is for us all to keep our investments.