djc
10-28-2007, 06:46 PM
http://www.msnbc.msn.com/id/21516354/
Like so many other homeowners, Cyman took advantage of lower interest rates and better terms in the housing bubble in the early part of the decade. In 2002, after the original $37,500 home mortgage established by her late father was paid off, she took out the first of three adjustable-rate mortgages to pay large bills. Two others followed, and she said she was enticed by the lower rates she was being offered.
Like so many other homeowners, Cyman took advantage of lower interest rates and better terms in the housing bubble in the early part of the decade. In 2002, after the original $37,500 home mortgage established by her late father was paid off, she took out the first of three adjustable-rate mortgages to pay large bills. Two others followed, and she said she was enticed by the lower rates she was being offered.