Mortgage loan

Please note that the content of this book primarily consists of articles available from Wikipedia or other free sources online. While mortgage rates are at all-time lows and many people want to refinance in a hurry, this is not an option for everyone ! Official reports have shown that in the 50-plus population, 16% of home loans are underwater or lack the equity necessary to refinance. Besides, 44% of those aged between 65 to 74 are still making mortgage payments, in part since low interest rates and high home values prior to the housing collapse might have encouraged older adults to tap home equity to pay for retirement . Meanwhile, the self-employed (9 million of them) have been detected with problems which involve mortgage payments...