AgentMortgage

Simple-interest mortgage can be a trap

How late payments, daily interest accrual cause grief
Published on Nov 13, 2006

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by CareyBot

The more I learn about simple-interest mortgages (henceforth SIMs), the more aware I have become that my previous articles on the subject understated the risks they pose for borrowers. I placed too much emphasis on the fact that a borrower ...

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