1759 stores Target in the U.S. registered on Stores-Locator.com. Target was originally founded in 1902 as Dayton Dry Goods, but the company has quickly expanded over time. It is headquartered in Minneapolis, where it provides a distribution of products throughout the area.
Quick Answer. HOEPA loans, also called Section 32 mortgages, are mortgage refinancing or home equity installment loans that are covered by the Home Ownership and Equity Protection Act, states the Federal Trade Commission. HOEPA covers high-interest and high-fee loans and bans practices that are considered deceptive or unfair.
A balloon mortgage is a short-term, fixed rate home loan with fixed monthly payments for a set number of years (usually 5-10) followed by a final payment of the principal.Payments are usually lower with a balloon mortgage because only the interest is paid each month.For example, borrowing $10,000 in a balloon mortgage means that a large payment is due in one lump sum at the end of the term. Note that if you cannot make the final payment or refinance the amount, you can lose your home.ayments are usually lower with a balloon mortgage because only the interest is paid each month. For example, borrowing $10,000 in a balloon mortgage means that a large payment is due in one lump sum at the end of the term.