Wednesday, November 01, 2006

Interest-Only Loans & Option ARMS -- Be Informed

There has been a lot in the news about these types of loans lately. You have also seen some posts on this blog about them.

The Federal Reserve has been putting a good amount of time into studying these loans out of concern for the borrowing public. They have just released an informative new booklet that you can find here. This booklet, coupled with the advice of a Mortgage Consultant, should help you to make an appropriate decision on the right type of loan for you.

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