The Subprime Mortgage Crisis Really Hits Home: It’ll Turn You Upside Down
Everyone has heard about the subprime mortgage crisis. Homeowners are up in ARMs that are resetting this year and next with higher interest rates; meanwhile, their homes are decreasing in value, and they’re mortgaged 100%. When you owe more than your house is worth, it’s called being “upside down.”
But that’s nothing compared to being truly […]