Sunday, August 14, 2005

Words Aren't Cheap When Buying Home

The Herald Democrat: "Home-buying is a complicated business. Not only does it require a lot of time, money and form-signing, but also learning a new vocabulary, said an expert from Texas Cooperative Extension.

Knowing these terms could be worth thousands of dollars, said Nancy Granovsky, Extension family economics specialist. Granovsky quoted an article in the Wall Street Journal, which stated some of this vocabulary is connected to new styles of mortgages designed to 'snare borrowers seeking lower monthly "
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