Are risky mortgage loans on the rebound?


While applying for a mortgage recently, I was rather surprised at some of the loan options I was offered. Banks are now offering interest-only mortgages, balloon loans, and stated-income loans, and that's just what I found in my brief shopping experience. And while I wound up going with a traditional fixed-rate mortgage, the resurgent availability of these loan products definitely caught my attention. To give you an updated picture of today's mortgage market, here's a rundown of the types of loans that were widespread in the mid-2000s, whether they're available today, and whether we should be concerned about a repeat of the crash.

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Keith Kaplan

CalBRE #01933707
Sothebys International Realty
9255 Sunset Blvd.
West Hollywood, CA   90069






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