Real Estate Mortgage Loan Refinacing

Amidst the bleak economic landscape featuring a record number of home mortgage defaults along with the bad publicity around interest-only loans and payment-option ARMs, a new type of loan has emerged for the high-risk home buyer. The 50-year mortgage theoretically provides a lifeline for buyers who are stuck in one of the two other loan types.

Tags: bank rate, Home Equity, Home Equity Loan, Loan, mortgage rate

This entry was posted on Wednesday, August 26th, 2009 at 12:07 am and is filed under Home Equity Loan Articles. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.