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MarkG

'homeowners Feeling Plan Of Rising Rates'

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Things aren't looking too good in America:

http://www.post-gazette.com/pg/06222/712559-28.stm

For their new loan, Ms. Cordova-Holmes and her husband chose a so-called option adjustable-rate mortgage, which carried an introductory rate of 2.35 percent and gave her multiple payment choices each month. "I had a lot of financial obligations," says Ms. Cordova-Holmes, an accountant who lives near Detroit.

Two years later, however, the interest rate on her loan has jumped to 8.75 percent, her loan balance has climbed to $324,000 and her minimum monthly payment has risen to $2,257. She says the terms of the loan weren't clearly spelled out.

You'd think an accountant would at least have some idea about financial matters.

More than 30 percent of mortgage brokers believe their clients don't understand the mortgage product they selected

Wonder what the percentage is over here?

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  • 301 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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