Balloon amortization

Wednesday, November 12th, 2008

A balloon payment is a large onetime payment that is made to pay off a loan. A balloon amortization mortgage loan is offered by many lenders as a way to refinance your home loan if you can qualify certain credit worthiness. A mortgage amortization loan followed by a balloon payment is ...

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President Obama’s plan to tackle housing crisis

Thursday, November 6th, 2008

In midst of nation's financial crisis a ray of hope has emerged with Barack Obama being elected as the nation's 44th President. The President's immediate focus is on deciding how to implement the $700 billion rescue program which the Congress had passed in October. He has proposed a 90-day foreclosure ...

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September 2008 Foreclosure activity decreases by 12 percent

Friday, October 24th, 2008

RealtyTrac’s U.S. Foreclosure Market Report released yesterday shows foreclosure filings like default notices, auction sale notices and bank repossessions were reported on 265,968 properties in September, a 12 percent decrease from August, but still a 21 percent increase from September 2007. One in every 475 U.S. housing units received a ...

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