Risky refinancings deepen financial holeColumbus Dispatch, OH -Jun 2, 2008More than half of those homeowners signed loans with interest rates above 9 percent, the Dispatch analysis of Home Mortgage Disclosure Act data found. ... Loans that aren't insured by the government are called conventional mortgages. The government-insured loans may be more attractive in terms of low down payment requirements but they may be more restrictive. The main advantage of applying for online mortgages is their convenience.
