Watch CBS News

Will the housing market be affected by second mortgages?

For many who took out a second mortgage on their homes during the housing boom, may only paid interest for the first 10 years. Starting this year they'll have to start paying off the principal mortgage as well, leading to a huge jump in monthly payments. Jack Otter, editor of Barrons.com explains.
View CBS News In
CBS News App Open
Chrome Safari Continue
Be the first to know
Get browser notifications for breaking news, live events, and exclusive reporting.