AllFinancialMatters

A personal finance blog dedicated discussing such topics as budgeting, asset allocation, 401K, IRA, cash flow, insurance, financial planning, portfolio management, and other areas in personal finance.

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Monday, June 06, 2005

Beware of Interest-Only Mortgages

Thanks to Ben over at the HousingBubble2 blog for the link to this article about interest-only mortgages on the Forbes website. This is a really scary point taken from the article:

There's an ever-growing danger lurking in the already-overheated real estate market: the interest-only mortgage. The problem is, even the banks don't know how dangerous their is.
Definitely something to think about.

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