Housing Lingo

I don’t know how long exactly, but for some time now, news in all types of media, from tv, radio, newspapers to the internet, have something to say about the current housing slump in the US.  Words like mortage crisis, mortgage lenders and home equity are always mentioned.  Truth be told, this is something that I’ve only taken a keen interest on just recently.  Friends who have already bought their own houses have been quick to suggest that now is the time to buy.  Well, it’s not that easy.  But I know our time will come…slump or no slump. ;)

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