Friday, August 26, 2005

MORTGAGE DEBT - 40 yr mortgage

The persistent increase in home prices has led more borrowers to take out fixed-rate 40-year loans, but that worries some lenders that it will reduce home equity and push the 10 years of extra payments onto the borrowers' children.

Read the full story:
http://www.planetrealtor.com/florida/news/daily/news.cfm?article=n4-08262005

Source Florida Association of Realtors





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