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News about Mortgages:
Mayfair Mall owner is deep in debt, may face bankruptcy - Milwaukee Journal SentinelNov. 11, 2008 | General Growth Properties Inc. shares plummeted Tuesday after the mall owner warned it faces solvency trouble and may be forced to file for bankruptcy if it can't refinance or extend nearly $1 billion in debt due next month. The ...
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Today's Mortgage Terms starting with R
Refinancing: The repaying of a debt with the proceeds from a new loan using the same property as collateral. The reason for refinancing is to get a lower interest rate.
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