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.
Balloon Mortgage. A âballoon mortgageâ is a home loan that does not fully amortize over the life of the loan, leaving a balance at the end of the term. As a result, the final payment on a balloon mortgage is significantly larger than the regular monthly mortgage payments.