Embracing Innovation: An Attorney’s Primer on Non-Traditional Mortgages
Non-traditional mortgages have emerged as alternatives to conventional home loans, offering flexibility and innovation in borrowing options. Attorneys navigating the complexities of these non-traditional mortgage products must understand their intricacies, legal implications, and considerations for both lenders and borrowers. Non-traditional mortgages encompass a range of products, including interest-only mortgages, adjustable-rate mortgages (ARMs), balloon mortgages, and…
