What are you going to do?

If you're new here, you may want to subscribe to my RSS feed. Thanks for visiting!

I am interested to hear what the readers of this blog are doing or are planning on doing about the current market situation. Have you done any of the following?

Reviewed your mortgage note to ensure that you are not susceptible to interest rate/payment increases/shock?
Talked with a mortgage professional about your current loan and options to consider?
Reviewed your current monthly ‘nut’ or outflow as compared to your income situation?
Talked with your spouse about future plans including family changes, job changes, income changes?
Considered your equity position in your home and whether it is one you are comfortable with?
Considered selling your home?
Decided to rent?
Have considered getting out of short term loans, pay-option loans or second mortgages?

Please email me and let me know what you are doing to be proactive about the situation. I am putting together a post and would love to hear how you are protecting yourself and your family from any downturn in the housing market. I hope that everyone is doing something. As for me, I’m planning on selling. More on that later.