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Interest-only loans on the increase (Tallahassee Democrat)
Phil Dondes followed the experts' advice when he went looking for a mortgage for the .1 million home he bought this spring in Burke, Va.: He consulted five lenders to compare loan rates. Four of them quickly responded with interest-only, adjustable-rate loans that would allow him to defer repaying the loan principal. They said it was the popular way to go.
Market driving risky mortgages (Detroit News)
WASHINGTON -- Phil Dondes followed the experts' advice when he went looking for a mortgage for the .1 million home he bought last month in Burke, Va.: He consulted five lenders to compare loan rates. Four of them quickly responded with interest-only, adjustable-rate loans that would allow him to defer repaying the loan principal. They said it was the popular way to go.
Home loan could put you in the poorhouse (Kansas City Star)
I n the movie “Field of Dreams,†|