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27 August 2014
Borrowers with home equity lines of credit (HELOCs) will face a growing risk of default over the next several years, as the bills come due on millions of such loans.
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13 June 2014
The qualified mortgage rules that the federal government instituted in January to create safer loans has eliminated many interest-only loans, mortgage experts say, but not all of them.
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3 June 2014
Wells Fargo, the nation's largest mortgage lender, is eliminating the interest-only provision of its home equity line of credit (HELOC) products.
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10 April 2014
Seeing that your home's bathroom is falling apart or that the kitchen needs remodeling is easy enough to figure out.Understanding the home improvement loan options to pay for the work can be a lot trickier.
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9 January 2014
The new federal rules for "qualified mortgages" go into effect on Jan.10.But that doesn't mean you're out of luck if you're a borrower who needs a home loan that doesn't meet those guidelines.
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21 October 2013
The days of fogging up a mirror to get a home loan are over, but one remnant of that era of only five years ago will soon be gone: interest-only loans.
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29 May 2013
Homeowners who are looking for a short-term infusion of money might consider an interest-only second mortgage in the form of a home equity line of credit (HELOC).
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4 March 2013
Interest-only mortgages are making a bit of a comeback, at least among the very wealthy.
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26 January 2011
Taking out an interest-only mortgage as a way to borrow more and pay less on a monthly basis can be dangerous.In looking for an affordable way to purchase your dream home, you may have considered an interest-only mortgage.
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