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As a real estate professional, it's been a very frustrating time.  As a Realtor and a loan officer, I'm working with clients who are having a tougher time selling their homes and if they've gotten the interest only, negative am loans, their payments are changing where they can no longer afford their homes.  Refinancing can't always help, especially if they don't have alot of equity in their homes.

We found a new program recently that can assist many homeowners with this situation - it can help one pay off their mortgage in as little as 8 - 11 years without a lot of cost and with literally no hassle - no change in lifestyle.  It's been utilized for many years in Australia and Europe, as well as having been test marketed for the past 3 years in Colorado.

I'd like to offer my services to everyone here; no obligation.  You can visit my website:  www.propertyplace.net  (http://www.propertyplace.net)  for real estate and financing information - if you need someone to review your current loan situation or to qualify you for a real estate loan, I'm licensed in many states so I might be of help.  If you'd like to see if the program I spoke of above is something that might work for you; you can fill out a free analysis sheet at my website:  www.u1stfinancial.net/propertyplace (http://www.u1stfinancial.net/propertyplace).

No personal or account information is required and no one will "spam" you with endless emails.  I just really believe in the program and think it can help alot of us out there in difficult situations or who just want to save money on their mortgage.

Interesting concept - neat way to reduce interest paid over the life of the loan.  Thanks for the info.

Another interesting concept I've run across recently is longer mortgage term (40 - 50 years in California).  I've read that some places in Europe even have 100 year mortgage terms.

I know that when my parents were my age, a home cost 1/10 of what it does now - and I'm not making 10 times the salary they did back then!

I've heard of programs like that before, intriguing idea. I always thought it would work well as an alternative to selling, putting a tenant in a house you're moving out of and then paying it off quickly. Of course, you have to find a tenant first, and then leases, disclosures etc, but www.craigslist.org works well for the former, and  EZ Landlord Forms (http://www.ezlandlordforms.com) works well for the latter.
-Lena