December 6, 2007

Extra mortgage payment may not be best (AP)

Cars drive by Perkins Rowe, located in Baton Rouge, La., a mixed-use development on Tuesday Dec. 4, 2007. The development is one of more than 100 beneficiaries of a hurricane recovery loan program for private developers, available in Louisiana through the Gulf Opportunity Zone Act passed after hurricanes Katrina and Rita devastated the state in 2005. Perkins Rowe received $250 million in low-cost bonds to finance half the estimated $500 million in construction costs. (AP Photo/Arthur D. Lauck)AP – While some families are struggling to pay their mortgages, others are in the enviable position of considering whether to make an extra payment this year.

Filed under Real Estate Blog, Real Estate Business by Yahoo! News: Business - Real Estate

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