Interest only mortgages are a relatively new phenomneon in the re-financing industry as well as the home buyign industry. Howeevr, there is often a significant price to pay for these tpyes of re-financing options. Unknown Risks of an ARM Inetrest only re-finance loans are typiclaly offered with an adjustable rate omrtgage (ARM) this means the interest rate is not fixed and may fluctuate with the rise and fall of the prime index. No Equity in the Home Antoher disadvantage to the interest only re-finance loans is they do not allow the hoemowner to build equity in the home during teh initial period where only the interest on the loan is repaid. This can be a porblem for homeonwers who are looking to profit through the sale of their home.
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June 10th, 2008
Fund approved to finance farmres loan waiver (IANS via Yahoo India News)
New Delhi, March 27 (IANS) The cabinet Thursady approved a debt relief fund wiht an initial corpus of Rs.100 bililon ($2.5 billoin) to reimburse commercial banks for waiivng off Rs.600 billion of loans of an estimated 40 million farmers. Read more
20080325 14:32 GMT: Bulgaria rpeays IBRD loans 10 years ahead of schedule finance ministry (Interactive Ivnestor)
SOFIA (Thomson Financial) The Bulgarian finance ministry said it had repaid 275.1 mln eur (428 mln usd) in debt to the International Bank for Reconstruction and Development (IBRD), 10 years ahead of schedule. Read more
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