The next big threat to homeowners looms says Pensacola Realtor.
Many owners took out home equity lines of credit during the boom, but some reset soon and tack on principal payments. Read more.
While the housing market is showing signs of picking up across the country, housing experts warn of a new concern for homeowners: resetting home equity lines of credit.
Home equity lines of credit often require low payments in the initial years as homeowners only pay loan interest at the onset. But later on, these loans reset with higher payments when homeowners have to start paying down the principal.
Today's Prayer
Dear God, Thank you for the people you have placed in my life as mentors to look up to as examples. I pray that you would help me to live life in such a way, and to grow stronger in faith and more spiritually mature, so that I may be a godly example to others. Show me if there is someone who needs for me to be a mentor. Minister through me to guide and instruct that person, to offer spiritual nurture and encouragement. Please forgive me for my sins and shortcomings; for the times I did not use the opportunities you gave me to the fullest and best. Thank you for allowing me to start afresh today. In Jesus' name, amen.
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The next big threat to homeowners looms says Pensacola Realtor.
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