Thursday, February 25, 2010

Safe From All Fears

Ever wonder how many homes are owned free and clear in the United States?   The answer is very surprising.  According to the Unites States 2005 census, app. 33% of all homes in the United States do not have any mortgage whatsoever.   So 1/3 of the homeowners are not worrying at all about being "underwater" on any home loan in any event.  If you think about it, there are a lot of homeowners who also owe less then 50% of the value of their home to the bank so things are more secure then you may thought. 

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