Beware of simple-interest biweekly mortgage

Mortgage Professor advises against higher-rate loan
Published on May 3, 2004

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by CareyBot

“Is there any type of mortgage that is particularly vulnerable to abuse?” No mortgage is abusive in itself. However, the more-complicated ones offer more opportunities for unscrupulous loan providers to take advantage of unsophisticated borrowers. Adjustable-rate mortgages are complicated, as ...