Types Of Bankruptcy

Li Ka-shing company says premature to talk about Formula One bid  Tom Group, part of Hong Kong tycoon Li Ka-shing's business empire, said it was "premature" to suggest it was in talks to buy Formula One motor racing while noting speculation


684 Augusta Road, Winter Haven | $175,000  read more...


When your lender goes bankrupt  You've been preapproved for a mortgage and the lender goes bust. What now?read more...


Monett City Council picks MIDC land for new police station  The future of the Monett Police Department and perhaps the Street Department was largely determined this week when the Monett City Council voted to buy over 29 acres from the


Government Implements New Mortgage Loan Requirements to Deter Speculation (donga.com)  On September 5, at Woori Bank s Gyeonggi Suji Branch, only three people visited to apply for home mortgage loans during the whole morning. Multiple-home owners account for 30 to


Maximizing mom's money in CDs  You want to make sure all the money is covered by deposit insurance, says Dr. Don.read more...

June 14th, 2007

Home Buyers Scared Straight by Rates

“People thought the system was working for them, so why pay more initially when prices are rising?”

Tales of ballooning mortgage payments are scaring home buyers straight.

After taking on risky adjustable-rate loans or multiple mortgages to pay less upfront during the housing boom, borrowers with limited capital for down payments are increasingly opting for safer fixed-rate mortgages backed by private mortgage insurance.

Applications for private mortgage insurance, or PMI, rose 56 percent to 191,525 in March from February, according to the Mortgage Insurance Companies of America, an industry trade group. Volume fell in April, but remained well above rates from last year. Read more



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