Articles related to yuma 2nd mortgages

• Trillions in Upward Adjusting Mortgages Could Spell Trouble for U.S. Economy

  Over the last several years, many homebuyers made the decision to get an adjustable rate mortgage or an interest only loan. For a period of time, they basked in the glow of teaser rates and low monthly mortgage payments. Unfortunately, this basking is expected to come to an abrupt end in 2007 as more than $1 trillion worth of mortgages adjust upward.

• Underwater Mortgages Could Drown Homeowners in 2007

  With the housing market problems in 2006 almost behind us, many are looking to 2007 and hoping for a better year. Unfortunately, the threat of rising interest rates and failing housing markets may further drown homeowners and leave them with an underwater mortgage.