California Real Estate Squeeze.With home prices on the rise, many Californians are turning to more exotic financing options, such as adjustable-rate mortgages Adjustable-rate mortgage (ARM) A mortgage that features predetermined adjustments of the loan interest rate at regular intervals based on an established index. The interest rate is adjusted at each interval to a rate equivalent to the index value plus a predetermined spread, or and interest-only loans Interest-only loan A loan in which payment of principal is deferred and interest payments are the only current obligation. . Mark Lightfoot of American Home For the American mortgage lender, see . The American Home is a center of intercultural exchange located in Vladimir, Russia. The home is designed to model a typical American suburban home and its main focus is the ESL school that provides lessons for Russian students. Shield says protecting a home attached to one of these mortgages is one way to offset some of the risk. Radio News Feature You can reach the story directly by going to http://www.newstream.com/home.aspx?story=31223 This multimedia news story is for free and unrestricted use on your news information site (and for print or broadcast too). Visit http://www.newstream.com to download To receive a file transmitted over a network. In any communications session, "download" means receive, and "upload" means send. The download/upload often implies a big/little scenario, in which data is being downloaded from the "big" server into the "little" user's computer. video, audio, text, graphics and photos. If you have any questions about the story, or about Newstream.com, please write to us at info@newstream.com. |
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