Wednesday, December 21, 2005

U.S. Bank regulators worried about innovative loans

When you purchased your home, did you use some creative financing put together by your mortgage broker?

Are you in the market for a home and your mortgage broker is suggesting such mortgage tools as interest-only and payment option adjustable rate mortgages?

Well, the government is worried about this type of financing and you should make sure that you can cover your mortgage if interest rates spike.

For more on this mortgage story, click here.

0 Comments:

Post a Comment

<< Home