Absolute Michigan's Michigan Blog
Friday, October 14, 2005

The Michigan Mortgage Monster

The Detroit News reports that realtors and mortgage bankers in southeast Michigan report that they're seeing more and more homeowners discovering the dangers of alternative mortgages. With Michigan home prices flat and even declining, homeowners who owe more than the property is worth unable to lower payments by refinancing, and owing money to the bank if they sell. The article provides an excellent overview of the merits of fixed rate loans, adjustable-rate loans and other alternatives.
Also see Mortgage discounts may be scaled back in the Detroit News YIPE!

Read More (external link) »

# posted by farlane @ 9:07 AM
Comments: Post a Comment

Links to this post:

Create a Link

<< Home
Click to subscribe to Dig Michigan blog from Absolute Michigan: >Click to Subscribe to the Absolute Michigan blog feed
Click to subscribe to the Michigan Blog: >Click to Subscribe to the Absolute Michigan blog feed

LCI Web Development
Leelanau Communications, Inc. provides web development and internet consulting for businesses and nonprofit organizations. We have created over 400 web sites and are experience in deploying web technologies to integrate with the way you do business. We made this site and can make yours too!

Add a Link
About Absolute Michigan

Search Absolute Michigan

Arts & Entertainment :: Business :: Community :: Food & Dining :: Homes & Real Estate :: Lodging & Travel :: Media & Internet :: Recreation :: Shopping
Dig Michigan Blog :: Articles :: Michigan by County Map :: Search Michigan :: New Links :: Add a Link! :: About Us :: Michigan Pictures
Absolute Michigan :: Northeast Michigan :: Northwest Michigan :: Southeast Michigan :: Southwest Michigan :: Upper Peninsula

email: absolutemichigan@gmail.com :: webdesign by leelanau.com

© 2006 Leelanau Communications, Inc. All Rights Reserved.