| adjustable rate home loan going to really bite,'' he said. Rising expenses send some homeowners borrowing from themselves to cover costs. But are borrowers burrowing in over their heads? Mortgage broker Teresa Simmons says the rising popularity of the second mortgage stems from customers clinging to rates they locked in when they capitalized on their first mortgages. "The second mortgage product is probably going to become more active in the marketplace adjustable rate home loan people aren`t going to be so willing to give up those fives, nor adjustable rate home loan they be, to get additional money and access the equity in their home," Simmons says. "They should take a look at the second mortgage products that are out there before they sacrifice those good rates that they`ve obtained." Nine tax experts, tasked with developing simpler and fairer tax laws, concluded that the deduction does more for wealthier taxpayers than for people struggling to buy a adjustable rate home loan But mortgage bankers and real estate agents see irreparas chief economist. "Everyone, whether you |
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