Loan gamble gains interest
Interest-only loans are becoming an increasingly popular – and risky – way to finance a new home.
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State to cut tax on property mortgages HOME buyers are set to benefit from the Queensland state Budget, to be delivered on Tuesday, with the abolition of a tax on property mortgages. via AdelaideNow... read more...
Florida among top 5 for increases in home values Average U.S. home prices increased 12.5 percent in the first quarter of 2005 from the year-ago quarter, according to the House Price Index.via
Rate to cut mortgage stress (Daily Telegraph) AN INTEREST rate cut by the Reserve Bank this week will significantly reduce the number of households suffering mortgage stress, a survey finds.read more...
Put a Lid on Rising Mortgage Payments (Evening Times) (ARA) - Do you have a balloon mortgage that is coming due or an adjustable rate mortgage payment that has been steadily creeping up as interest rates change?read more...
18 charged in mortgage fraud scam (Miami Herald) Federal and state law enforcement officials said Thursday they had charged 18 people in in mortgage fraud schemes involving more than $50 million in bogus home loans.read more...
Subprime-lending index hit by latest mortgage-industry woes (Market Watch) NEW YORK (MarketWatch) -- Corporate bonds of subprime-mortgage companies sold off sharply Monday, after besieged New Century Financial Corp. said that its lenders are cutting off its credit lines, while