Will the housing market be affected by second mortgages?
429 views · Published 17 February 2014 · 1:33 · Indexed 4 October 2026
Channel: CBS Evening News · 2014 · News & Politics
For many who took out a second mortgage on their homes during the housing boom, may only paid interest for the first 10 years. Starting this year they'll have to start paying off the principal mortgage as well, leading to a huge jump in monthly payments. Jack Otter, editor of Barrons.com explains.
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