'Line-of-credit mortgage' creates an illusion

Story date: 2007-10-27 09:42:00
Added on: 2007-10-28 00:00:22

Boston Globe - The monthly cost of the mortgage, interest-only for some period of time, is automatically deducted from the account. The paycheck deposits bring an immediate advantage. The amount of your mortgage is reduced by each deposit. Since your mortgage ...


Read more...

Related Stories:

• True cost mortgage calculator - This is Money

  Find out monthly payments and compare the cost of mortgages over the initial deal period including arrangement fees. Small print: The total...
  2008-08-14 01:01:00

• How much will an annuity cost down the road? - Austin American-Statesman

  A: You won't be able to calculate an exact figure because interest rates will change over the period. But you can get...
  2008-07-21 05:00:00

• Home-Owning Still Beats Renting

  Sky.com - Let's compare the monthly cost of paying a mortgage with the cost of renting a home over a 25-year period....
  2007-11-15 03:55:00

• Low Cost Mortgage Saves You Big Bucks

  Best Syndication - ... are offering “low cost mortgages” that are interest only. Sure, they are low cost for a few...
  2007-09-19 12:55:00

• New mortgage magic is merely sleight of hand

  Houston Chronicle - The monthly cost of the mortgage, interest-only for some period, is automatically deducted from the account. The paycheck deposits...
  2007-10-26 05:54:00

• MUMBAI: Indian Bank has revised the interest rates on domestic term ...

  Economic Times - Interest rate for the 7-14 days period for an investment of Rs 15 lakh is at 3.5 per cent,...
  2007-08-28 07:31:00

• The Cost of 'No-Cost Mortgages'

  Washington Post - The Mortgage Professor The Cost of 'No-Cost Mortgages' ... If you have the cash, it pays to buy down...
  2007-09-21 12:52:00

• Is grace period costing us more in interest? - Chicago Tribune

  Q: Our mortgage payment is due on the first of the month with a 15-day grace period. All payments have always been...
  2008-08-28 11:53:00