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Re-refinancing, and Putting Off Mortgage Pain (New York Times)  As payments on mortgages balloon, many Americans have found a way to put off the day of reckoning.read more...


Relief, anger follow arrests in mortgage loan scheme (Baltimore Sun)  Arrests in an alleged fraud scheme elicited relieved yet angry responses from the affected homeowners When her husband left for good a few years ago, Nadine Bostic


U.S. mortgage applications decline in week: MBA (Greater Baton Rouge Business Report)  The Mortgage Bankers Association's mortgage application index slipped 1.7 percent to a seasonally adjusted 625.3 in the week ended June 1. A rise in applications to buy homes was overshadowed


Guide To Interior Decorating  How do you feel about your home decor? If you're tired of it, and know it needs some updating, but are afraid to act, you're not alone.Commentread more...


Your Money Matters: Dealing with Rising Mortgage Interest Rates (Benton Evening News)  (ARA) - Many Americans are asking themselves what they should be doing in the wake of rising, and sometimes, fluctuating mortgage rates. It's an important question because for many Americans


Interest Rate Roundup  Here's a look at the state of interest rates on five common consumer banking products and the latest rates from Bankrate.com's weekly national survey of large banks and thrifts.read more...

November 3rd, 2007

A house without a mortgage (Boston Globe)

Conventional mortgage: A customer borrows money from a bank and buys the house outright, using the house as collateral on the loan. The customer then pays back the bank over time with interest.

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