Latest Interest Only Loans news:

Durbin seeks cap on consumer loan interest rates
Proposed law would end rates higher than 36% U.S. Sen. Dick Durbin (D-Ill.) has taken aim at the high-interest-loan industry, introducing a bill proposing to cap rates charged for payday loans, car title loans and other forms of consumer credit at 36 percent annual interest.
Read more News Source - Chicago Tribune
Publish date - 16:20:55 07/19/08

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(Video) Mesquite council approves no-interest concrete repairs
The Mesquite City Council unanimously approved a deal Monday to provide residents with interest free loans to help pay for sidewalk and driveway repairs.
Read more News Source - The Mesquite News
Publish date - 19:34:41 07/19/08

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Buyers pushed into 40-year loans
HOME buyers are being pushed into 40-year loans that can cost them $200,000 in interest but only cut their repayments by $20 a week.
Read more News Source - Herald Sun
Publish date - 23:19:57 07/17/08

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Homeowners in 'set up' with long-term loans
CASH-strapped home buyers are being pushed into 40-year home loans that can end up costing them $200,000 in extra interest but only cut their repayments by less than $20 a week.
Read more News Source - Herald Sun
Publish date - 16:05:19 07/17/08

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40-year loans a life sentence
CASH-strapped home buyers are taking on 40-year home loans that can add $200,000 in interest, but cut payments by just $20 a week.
Read more News Source - Perth Now
Publish date - 23:34:45 07/17/08

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Defaults on home loans soar as rates bite
Home buyers and other borrowers defaulted on payments on a record $3.5 billion of loans in the March quarter, as higher interest rates pushed them over the brink.
Read more News Source - The Age
Publish date - 22:56:03 07/17/08

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40-year loans a life sentence
HOME buyers are being forced into 40-year home loans that can end up costing them $200,000 in interest but cut their repayments by just $20 a week.
Read more News Source - The Courier Mail
Publish date - 22:27:27 07/17/08

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Homeowners in 'set up' with long-term loans
CASH-strapped home buyers are being pushed into 40-year home loans that can end up costing them $200,000 in extra interest.
Read more News Source - Daily Telegraph
Publish date - 16:01:21 07/17/08

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Low-interest housing loans help keep teachers in-state
South Carolina is leading all other states by offering a new way for teachers to buy a home. There's such a demand for the program that it's only been around for three months, and the money is already gone.
Read more News Source - WIS News 10 Columbia
Publish date - 14:54:50 07/17/08

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Some banks stop student loans
KINGSVILLE — Texas A&M University-Kingsville students who have borrowed from Kleberg Bank, the university's largest student loan lender, will have to find a new source for loans.
Read more News Source - Corpus Christi Caller-Times
Publish date - 09:02:24 07/19/08

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House: Congress procrastinates with temporary interest rate reduction
Congress' latest attempt to lower interest rates on student loans will provide little relief for most students, and the minor cut is only temporary. As a result of the College Cost Reduction and Access Act that the Democratic Congress passed in 2007, interest rates on government-subsidized loans were reduced this year from 6.
Read more News Source - The Daily Utah Chronicle
Publish date - 04:07:47 07/16/08

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Welcoming foreclosure
Ralph Stover has good credit and a steady job. But he took out a risky interest-only first mortgage and a second mortgage to buy a new 1,900-square-foot condominium in 2003 with no money down. Now, the 52-year-old Columbus man is scared he could become another casualty in the ongoing housing meltdown.
Read more News Source - The Columbus Dispatch
Publish date - 10:04:30 07/19/08

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No place left for borrowers to get funds
Credit cards are reaching their limits; home equity loans are hard to get. Where will the money come from?
Read more News Source - The Morning Call
Publish date - 08:06:11 07/20/08

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Law leads many lenders to halt student loans
Students who are studying for a brighter tomorrow might want to check with loan providers today to make sure they aren’t left out when the fall semester kicks off.
Read more News Source - The Facts
Publish date - 02:10:27 07/20/08

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Long-term loan alert
CASH-strapped home buyers are being pushed into 40-year home loans that can end up costing them $200,000 in interest but only cut their repayments by $20 a week.
Read more News Source - Herald Sun
Publish date - 16:04:31 07/17/08

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