The Michigan Mortgage Monster The Detroit News reports that realtors and mortgage bankers in southeast Michigan report that they're seeing more and more homeowners discovering the dangers of alternative mortgages. With Michigan home prices flat and even declining, homeowners who owe more than the property is worth unable to lower payments by refinancing, and owing money to the bank if they sell. The article provides an excellent overview of the merits of fixed rate loans, adjustable-rate loans and other alternatives. Read Is your mortgage a monster? in the Detroit News Also see Mortgage discounts may be scaled back in the Detroit News YIPE! Related Areas Articles Business > Finance Five Things You Need to Know about Michigan Homes & Real Estate Homes & Real Estate > Home Improvement, Repair & Services Homes & Real Estate > Mortgage & Real Estate Services Homes & Real Estate > Real Estate & Development More Links Latest Michigan news & stories from Absolute Michigan!   Main Michigan News Page Posted/updated Oct 14, 2005 by Andrew McFarlane (Absolute Michigan) Go Back One Page

Absolute Michigan Site Sponsor Add a Link Advertise on Absolute Michigan Email Newsletter About Absolute Michigan Absolute Michigan feed or enter email: Our Search: Google Search:

Arts & Entertainment :: Business :: Community :: Food & Dining :: Homes & Real Estate :: Lodging & Travel :: Media & Internet :: Recreation & Sports :: Shopping
Michigan News & Events :: Michigan by County Map :: Search Michigan :: New Links :: Add a Link! :: Michigan Blog :: The Michigan Pages :: About Us
Northeast Michigan :: Northwest Michigan :: Southeast Michigan :: Southwest Michigan :: Michigan's Upper Peninsula :: Home

email us - absolutemichigan@gmail.com :: concept, marketing & webdesign by leelanau.com

© 2009 Leelanau Communications, Inc. All Rights Reserved.