In her July 23 show, Ilyce discusses the real estate market. More than half of home buyers in Atlanta, southern California, Salt Lake City, Naples, New York, Boston, and Washington, D.C. are using negative amortization loans to purchase or refinance their existing loans. Neg-Am loans, as they’re called in the industry mean you’re actually adding to your loan balance instead of paying it down with every payment. We also got a great call from a listener who wonders if there is a U.S. conspiracy surrounding gold prices.
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