Homeowners Tell of Mortgage Woes?

Summary


By Cara Baruzzi Register Business Editor

NEW HAVEN -- When Yvonne Hammonds bought her two-family home in New Haven eight years ago, she viewed it as an opportunity to move herself and her children out of public housing. Her $700-a-month mortgage seemed, at the time, to put her dream of homeownership within reach.

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Extract


Homeowners Tell of Mortgage Woes?

But a costly recent decision to refinance the loan caused her monthly payments to balloon to their current level of $2,400. Like many throughout the state, and the nat...

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