Is your mortgage an "exotic debt-trap" Archives
Is your mortgage an "exotic debt-trap"
If you have an adjustable rate mortgage (ARM), can you afford the new payment?
The only question I have is whether the banks will be able to cash in on all those repossessed houses after the real-estate tumble, or will prices be so low that they also lose their shirts?
"Exotic debt-trap mortgages about to turn on their owners," boingboing, August 30, 2006
August 31, 2006 07:28 AM Caught Our Eye