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Flint City Council voted 5-2 to acquire the property at 524 West Pierson Road and deed it to Penton’s House of Esther for $71,376 at its Friday, June 26 special meeting. councilwomen kate fields, Ward.
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He appealed to those with unsustainable debts to engage with their lenders. Mr Hayes said recent Housing Agency figures show.
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Mortgage Dictionary . Adjustable-Rate Mortgage (ARM): Mortgage in which the rate of interest is adjusted based on a standard rate index. Most ARM’s have a cap on how much the rate may increase. Amortization: The process through which the mortgage debt is altered, usually declining, as payments are made to the lender.
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