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.


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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